Bain, GIC, Advent buy minority stake in Quest Global
Bain Capital, GIC, and Advent International have bought a minority stake in Indian engineering services outsourcing firm Quest Global for $350 million, providing an exit for Warburg Pincus.
The stake includes Warburg Pincus' entire holding, which the GP bought for $75 million in 2010, along with that of several other investors. No new shares were issued. Media reports have put the post-deal...
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