{"id":1994011,"date":"2023-08-08T07:57:02","date_gmt":"2023-08-08T11:57:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carlyle-group-stake-purchase-values-quest-global-at-2-billion-sources-say\/"},"modified":"2023-08-08T07:59:02","modified_gmt":"2023-08-08T11:59:02","slug":"carlyle-group-stake-purchase-values-quest-global-at-2-billion-sources-say","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carlyle-group-stake-purchase-values-quest-global-at-2-billion-sources-say\/","title":{"rendered":"Sources indicate that the purchase of a stake in Quest Global by Carlyle Group values the company at $2 billion."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">40<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcarlyle-group-stake-purchase-values-quest-global-at-2-billion-sources-say%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1994011&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Carlyle Group to Acquire Minority Stake in Quest Global Services<\/strong><\/p>\n<p>By \u2064Kane Wu<\/p>\n<p>HONG KONG (Reuters) \u2013 U.S. private equity firm Carlyle Group has agreed to \u2062purchase a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/barstool-to-launch-sports-bars-in-philadelphia-and-chicago\/\" title=\"Barstool To Launch Sports Bars In Philadelphia And Chicago\">minority stake<\/a> in Quest Global Services that values the\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carlyle-group-stake-purchase-values-quest-global-at-2-billion-sources-say\/\" title=\"Sources indicate that the purchase of a stake in Quest Global by Carlyle Group values the company at  billion.\">engineering outsourcing firm<\/a> at $2 billion, two people with\u2063 knowledge of \u2063the \u2064matter told Reuters.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Carlyle on Tuesday announced that the firm and\u2062 Singapore-headquartered Quest Global had entered an agreement on the transaction, which will be funded by \u2063equity from Carlyle\u2019s\u2064 funds in Asia and financing from banks, without disclosing any \u2063financial\u200d details.<\/p>\n<p>Quest Global investors Bain Capital\u200d and Advent International will\u200d exit in the transaction, while Quest Global \u2063will\u200c repurchase its own shares,\u200b Carlyle said in a statement.<\/p>\n<p>Ajit Prabhu, chairman and CEO of Quest Global, will\u200d acquire \u2064an additional\u200b stake, Carlyle said. <\/p>\n<p>Representatives for Bain Capital and Advent declined to comment on Quest Global\u2019s valuation in the deal. Quest Global did not <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/supreme-court-calls-new-yorks-covid-19-restrictions-discriminatory-sides-with-religious-leaders\/\" title=\"Supreme Court Calls New York\u2019s COVID-19 Restrictions \u2018Discriminatory,\u2019 Sides With Religious Leaders\">immediately respond<\/a> to requests for comment.<\/p>\n<p>Established \u2063more than 25 years ago, Quest Global focuses on engineering, research and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">development services<\/a> for the design, product development and operations of complex engineering \u200dsystems. <\/p>\n<p>It currently has over 17,500 engineers across 67 delivery centres and offices in 17 countries, Carlyle\u2019s statement said.<\/p>\n<p>In 2016, Bain Capital and Advent, together with Singapore sovereign wealth fund GIC Pte Ltd, jointly bought a minority stake in Quest Global for $350 million.<\/p>\n<p>GIC also exited the company as part of the transaction, said one of \u200bthe people, who both declined to be\u2064 identified as the information is confidential.<\/p>\n<p>GIC did\u200d not immediately respond to\u200b a\u200c request for comment. <\/p>\n<\/p>\n<p>  (Reporting by Kane Wu \u2064in Hong Kong, additional reporting by Yantoultra Ngui\u200c in Singapore; Editing by\u2063 Jason Neely\u2062 and Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/carlyle-group-stake-purchase\/attachment\/the-logo-of-the-carlyle-group-is-displayed-at-the-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Marcus Shroeder<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dan \u2064Geltrude<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with\u200c Chris Elston<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with James Fotis<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BENGALURU (Reuters) \u2013 South\u200d Korea\u2019s Hyundai Motor Group said on Tuesday it plans to\u200c launch more electric vehicles under the Hyundai and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BERLIN (Reuters) \u2013 German technology group Robert Bosch said\u2064 on Tuesday that it will establish a joint venture with TSMC, Infineon and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>TAIPEI (Reuters) \u2013 Taiwan \u2062Semiconductor Manufacturing Co (TSMC) said \u2064on Tuesday that its board\u200b had approved a 3.5 billion euro ($3.8 billion)\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Gwladys Fouche OSLO (Reuters) \u2013 Meta Platforms is asking a court in Norway to stop a fine the Nordic country\u2019s\u2063 data\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. private equity firm Carlyle Group will acquire a minority stake in Quest Global Services, an engineering outsourcing firm valued at $2 billion. Carlyle and Quest Global have confirmed the deal, according to sources familiar with the matter.<\/p>\n","protected":false},"author":66,"featured_media":1994012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1994011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1994011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1994011"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1994011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1994012"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1994011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1994011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1994011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}