Leading Global investors buy minority stake in QuEST Global.

ChrysCapital, True North Managers LLP, and other Institutional Investors invest a total of approximately US $150 million in the company

Leading Global investors buy minority stake in QuEST Global.

QuEST Global, a global product engineering and lifecycle services company, announced that leading global investors - ChrysCapital, True North Managers LLP, and other institutional investors – have invested a total of approximately US $150 million to purchase minority stakes in the Company. The investors have completed the purchase of a portion of the shares held by the co-founders and management team of QuEST. The existing investors - Bain Capital, Advent, and GIC, continue to remain invested. O3 Capital acted as the sole financial advisor to the transaction.

Commenting on the investment in QuEST, Sudip Nandy, Sr. Advisor. Enhancin, ChrysCapital, said, “ChrysCapital has a strong track record of over 20 investments in the Technology Services sector, which has been an integral part of our portfolio across funds. QuEST is one of the leading players in the engineering services space and has consistently outperformed its peers and demonstrated the ability to scale accounts in a fragmented industry, by becoming the core engineering partner to most of the top global firms across its target industry verticals. We are excited to back Ajit and the executive team at QuEST and look forward to working with them on the journey ahead.”