ChrysCapital, True North Managers LLP and different institutional traders have invested a complete of $150 million to purchase a minority stake in QuEST World, a world product engineering and lifecycle companies firm, primarily based out of Bengaluru.
The traders have accomplished the acquisition of a portion of the shares held by the co-founders and administration workforce of QuEST. The present traders — Bain Capital, Creation, and GIC — proceed to stay invested. O3 Capital acted as the only real monetary advisor for the transaction.
‘Robust monitor document’
Sudip Nandy, Managing Director and Working Accomplice, ChrysCapital, stated, “ChrysCapital has a powerful monitor document of over 20 investments within the know-how companies sector, which has been an integral a part of our portfolio throughout funds. QuEST is among the main gamers within the engineering companies house and has persistently outperformed its friends and demonstrated the power to scale accounts in a fragmented trade, by changing into the core engineering associate to a lot of the high international corporations throughout its goal trade verticals. We’re excited to again Ajit and the manager workforce at QuEST and sit up for working with them on the journey forward.”
Additionally learn: QuEST Global conducts vaccination drive in Thiruvananthapuram
“QuEST has deep experience in an trade that’s present process unprecedented digital disruption. As a frontrunner within the engineering companies house, QuEST has been providing strategic companies to its prospects quite than only a scale or merely price differential. We have been very impressed by the depth of engineering experience and the varied industries and rising applied sciences by which QuEST helps prospects. We sit up for working with QuEST’s administration workforce to seize these alternatives,” stated Prasad Thrikutam – Accomplice, True North.
Ajit Prabhu, Chairman & CEO, QuEST World, stated, “The funding by three of essentially the most revered international traders, regardless of the continued pandemic disaster, is a testomony to our capacity to construct and develop our enterprise to turn out to be essentially the most trusted considering associate to prospects. It additionally crystallizes the worth we now have created for our shareholders and staff who’ve positioned their perception in us and partnered with us on this journey.”
https://www.thehindubusinessline.com/firms/chryscapital-leads-150-m-investment-in-quest-global/article36065709.ece | ChrysCapital leads $150-m funding in QuEST World