Leading global investors become minority stake holders in QuEST Global

TechnoparkToday.com(Feb, 2016): Leading global investors Bain Capital, GIC and Advent International have invested a total of approximately US $350 million to purchase minority stakes in QuEST (the “Company”), a global engineering solutions provider. These firms have completed the purchase of the stake held by an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, which invested in 2010, and certain other shareholders of the Company.

“We started QuEST with the vision of becoming the most recognized and trusted global engineering partner for our customers,” said Ajit Prabhu, Co-founder, Chairman and CEO of QuEST. “This investment by three of the most respected global investors reflects the progress we are making. It also crystallizes the value we have created for our shareholders and employees who have placed their belief in us and partnered with us in this journey.” Mr. Prabhu added, “The Warburg Pincus team has been a great partner for QuEST and sounding board for me and my colleagues as we have grown and diversified the business over the past five years.”

QuEST’s service portfolio includes mechanical, embedded and engineering software offerings across high tech industries such as aerospace, transportation, energy and medical devices. The Company has been continually rated by Zinnov in the “Leadership Zone” in the Aerospace, Energy and Medical Devices verticals and as having deep expertise in the Automotive vertical.