Carlyle’s pursuit of a stake in Quest has solidified following the collapse of negotiations with the previous front runner, Apax Partners. The deal with Apax fell through due to a disparity in valuation. Initially, Apax had been vying to secure as much as a 40% stake in the company, as reported by Mint on 15 January.
In the new deal structure proposed, Quest Global Services is raising $200 million debt that will buyback some shareholders and extinguish some shares. The resulting transaction will see Ajit Prabhu hike his stake in the business to around 44%, one of the people cited above added.
Diese Geschichte stammt aus der May 24, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 24, 2023-Ausgabe von Mint Mumbai.
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