MUMBAI: Bain Capital<\/a>, GIC<\/a> and Advent International have together invested $350 million (about Rs 2,400 crore) in Quest Global Services, valuing the Singapore-based engineering services firm at $1billion. 孟买:贝恩资本(Bain Capital),新加坡政府投资公司和出现的国际共同投资3.5亿美元(约2400卢比)在追求全球服务,新加坡工程服务公司估值为10亿美元。
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These firms have completed the purchase of the stake held by US private equity fund Warburg Pincus<\/a> and certain other shareholders of the company, Quest said in a news release. Bain and GIC signed the deal with Warburg Pincus in December and were awaiting regulatory clearances, sources said. ET reported in its February 1 edition that Advent had agreed to acquire the stake of some minority shareholders.
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Founded in 1997 by Ajit Prabhu and Aravind Melligeri, Quest provides engineering outsourcing<\/a> services to companies in sectors including aviation, automobiles, oil and gas, power, and healthcare. It counts Rolls-Royce, General Electric, Pratt & Whitney and Airbus among its clients.
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\nWith revenue of $385 million in 2015, Quest is projected to post a consolidated operating profit of around $84 million this fiscal year. It has grown through acquisitions, including buyouts of Kerala-based NeST Software and Germany's EDF in the past year. The transaction marks the second private equity exit in Quest after Carlyle Group, which invested $6 million as growth capital in the company in 2003, was bought out by the management in 2007.
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\nWarburg Pincus, which invested $75 million in Quest in 2010, is exiting with a near fourfold return on constant currency terms – that is, after eliminating the effects of exchange rate fluctuations. Credit Suisse was the financial adviser to Quest in the transaction. Jefferies advised Advent, sources said.
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\nBulge bracket private equity funds from the US, Europe and Asia had shown interest in buying the stake held by Warburg Pincus. The Carlyle Group, Apax Partners, Baring Asia and a private equity fund managed by Goldman Sachs participated in the previous rounds of bidding. Quest’s service portfolio includes mechanical, embedded and engineering software offerings across hightech industries such as aerospace, transportation, energy and medical devices. It operates out of 31 centres globally with delivery centres in the US, the UK, Singapore, Germany, Italy, Spain, France, Japan and India, and employs 7,300 people.
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“We started Quest with the vision of becoming the most recognised and trusted global engineering partner for our customers,” said cofounder and CEO Ajit Prabhu. “This investment by three of the most respected global investors<\/a> reflects the progress we are making. It crystallises the value we have created for our shareholders and employees who have placed their belief in us.” \n<\/p><\/body>","next_sibling":[{"msid":51049429,"title":"India growth engine for Twitter in Asia, says global COO Adam Bain","entity_type":"ARTICLE","link":"\/news\/india-growth-engine-for-twitter-in-asia-says-global-coo-adam-bain\/51049429","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51049583,"entity_type":"ARTICLE","title":"Bain Capital, GIC, Advent pump in $350 million for minority stake in QuEST","synopsis":"These firms have completed the purchase of the stake held by an affiliate of global private equity firm Warburg Pincus & certain other shareholders.","titleseo":"telecomnews\/bain-capital-gic-advent-pump-in-350-million-for-minority-stake-in-quest","status":"ACTIVE","authors":[{"author_name":"Anirban Sen","author_link":"\/author\/479240111\/anirban-sen","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479240111.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479240111,"author_name":"Anirban Sen","author_seo_name":"anirban-sen","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":228,"shares":0,"engagementtimems":1090000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-19 08:14:20","lastupd":"2016-02-19 08:15:19","breadcrumbTags":["GIC","Global investors","Bain Capital","Warburg Pincus","Enterprise Services","Engineering outsourcing"],"secinfo":{"seolocation":"telecomnews\/bain-capital-gic-advent-pump-in-350-million-for-minority-stake-in-quest"}}" data-authors="[" anirban sen"]" data-category-name="" data-category_id="" data-date="2016-02-19" data-index="article_1">
这些公司已经完成了购买美国私人股本基金持有的股份华平创业投资有限公司和某些其他股东的股份,追求在一个新闻发布会上说。乐动扑克贝恩和新加坡政府投资公司与华平12月签署了合同,等待监管部门的许可,消息人士说。外星人出现在2月1日版报道,已同意收购少数股东的股份。
成立于1997年由Ajit您正在和Aravind Melligeri提供工程外包服务行业的企业包括航空、汽车、石油和天然气,权力,和医疗。计数劳斯莱斯,通用电气,普惠公司和空客在其客户。
2015年营收为3.85亿美元,任务预计将发布一个巩固本财政年度营业利润约为8400万美元。它已经通过收购,包括收购Kerala-based巢软件和德国的法国电力公司在过去的一年。交易标志着第二个私募股权退出在追求凯雷集团(Carlyle Group),在该公司投资600万美元增长资本在2003年,于2007年买下了由管理。
华平投资7500万美元在2010年探索,退出了近四倍回报不变货币计算,之后消除汇率波动的影响。瑞士信贷(Credit Suisse)事务的是追求的财务顾问。Jefferies建议出现,消息人士称。
华尔街大投资银行实力集团私人股本基金来自美国、欧洲和亚洲有兴趣收购华平持有的股份。凯雷集团Apax Partners霸菱亚洲和私人股本基金由高盛(Goldman Sachs)参与投标的前几轮。追求的服务组合包括机械、嵌入式和工程软件产品在高科技行业,如航空航天、交通、能源和医疗设备。设有31个中心的全球交付中心在美国,英国,新加坡,德国,意大利,西班牙,法国,日本和印度,雇用了7300人。
“我们开始追求的愿景成为全球工程最认可和信任的合作伙伴为我们的客户,”创始人兼首席执行官Ajit您正在说。“这三个最受尊敬的投资全球投资者反映了我们正在取得进展。明朗化了我们为我们的股东创造的价值和员工相信我们。”
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MUMBAI: Bain Capital<\/a>, GIC<\/a> and Advent International have together invested $350 million (about Rs 2,400 crore) in Quest Global Services, valuing the Singapore-based engineering services firm at $1billion.
\n
These firms have completed the purchase of the stake held by US private equity fund Warburg Pincus<\/a> and certain other shareholders of the company, Quest said in a news release. Bain and GIC signed the deal with Warburg Pincus in December and were awaiting regulatory clearances, sources said. ET reported in its February 1 edition that Advent had agreed to acquire the stake of some minority shareholders.
\n
Founded in 1997 by Ajit Prabhu and Aravind Melligeri, Quest provides engineering outsourcing<\/a> services to companies in sectors including aviation, automobiles, oil and gas, power, and healthcare. It counts Rolls-Royce, General Electric, Pratt & Whitney and Airbus among its clients.
\n
\nWith revenue of $385 million in 2015, Quest is projected to post a consolidated operating profit of around $84 million this fiscal year. It has grown through acquisitions, including buyouts of Kerala-based NeST Software and Germany's EDF in the past year. The transaction marks the second private equity exit in Quest after Carlyle Group, which invested $6 million as growth capital in the company in 2003, was bought out by the management in 2007.
\n
\nWarburg Pincus, which invested $75 million in Quest in 2010, is exiting with a near fourfold return on constant currency terms – that is, after eliminating the effects of exchange rate fluctuations. Credit Suisse was the financial adviser to Quest in the transaction. Jefferies advised Advent, sources said.
\n
\nBulge bracket private equity funds from the US, Europe and Asia had shown interest in buying the stake held by Warburg Pincus. The Carlyle Group, Apax Partners, Baring Asia and a private equity fund managed by Goldman Sachs participated in the previous rounds of bidding. Quest’s service portfolio includes mechanical, embedded and engineering software offerings across hightech industries such as aerospace, transportation, energy and medical devices. It operates out of 31 centres globally with delivery centres in the US, the UK, Singapore, Germany, Italy, Spain, France, Japan and India, and employs 7,300 people.
\n
“We started Quest with the vision of becoming the most recognised and trusted global engineering partner for our customers,” said cofounder and CEO Ajit Prabhu. “This investment by three of the most respected global investors<\/a> reflects the progress we are making. It crystallises the value we have created for our shareholders and employees who have placed their belief in us.” \n<\/p><\/body>","next_sibling":[{"msid":51049429,"title":"India growth engine for Twitter in Asia, says global COO Adam Bain","entity_type":"ARTICLE","link":"\/news\/india-growth-engine-for-twitter-in-asia-says-global-coo-adam-bain\/51049429","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51049583,"entity_type":"ARTICLE","title":"Bain Capital, GIC, Advent pump in $350 million for minority stake in QuEST","synopsis":"These firms have completed the purchase of the stake held by an affiliate of global private equity firm Warburg Pincus & certain other shareholders.","titleseo":"telecomnews\/bain-capital-gic-advent-pump-in-350-million-for-minority-stake-in-quest","status":"ACTIVE","authors":[{"author_name":"Anirban Sen","author_link":"\/author\/479240111\/anirban-sen","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479240111.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479240111,"author_name":"Anirban Sen","author_seo_name":"anirban-sen","designation":"Correspondent","agency":false}}],"analytics":{"comments":0,"views":228,"shares":0,"engagementtimems":1090000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-19 08:14:20","lastupd":"2016-02-19 08:15:19","breadcrumbTags":["GIC","Global investors","Bain Capital","Warburg Pincus","Enterprise Services","Engineering outsourcing"],"secinfo":{"seolocation":"telecomnews\/bain-capital-gic-advent-pump-in-350-million-for-minority-stake-in-quest"}}" data-news_link="//www.iser-br.com/news/bain-capital-gic-advent-pump-in-350-million-for-minority-stake-in-quest/51049583">
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