Carlyle is taking a minority stake in engineering services firm Quest Global

• Also, Quest Global will repurchase its company shares; and Ajit Prabhu, chairman and CEO of Quest Global, will acquire an additional stake in the company
• Barclays, J.P. Morgan, BNP Paribas and Latham & Watkins served as advisors to Quest Global on the transaction; and Deutsche Bank, Clifford Chance, KPMG and Trilegal served as advisors to Carlyle
• Carlyle has $385 billion of assets under management as of June 30, 2023

Carlyle has inked an agreement to acquire a significant minority stake in Quest Global, a Singapore-based engineering services firm. No financial terms were disclosed.

Also, as part of this transaction, current investors Bain Capital and Advent International will exit Quest Global. Also, Quest Global will repurchase its company shares; and Ajit Prabhu, chairman and CEO of Quest Global, will acquire an additional stake in the company.

On the deal, Amit Jain, managing director and head of Carlyle India Advisors, said in a statement, “We have known Ajit for two decades and we believe he has demonstrated visionary leadership over these years. Carlyle was the first early-stage private equity investor in Quest Global and we are proud to partner again.”

Barclays, J.P. Morgan, BNP Paribas and Latham & Watkins served as advisors to Quest Global on the transaction; and Deutsche Bank, Clifford Chance, KPMG and Trilegal served as advisors to Carlyle.

Quest Global was founded in 1997.

Carlyle has $385 billion of assets under management as of June 30, 2023.