Carlyle Group to Acquire Minority Stake in Quest Global Services for $2 Billion

Carlyle Group stake buy values Quest Global at $2 bln, sources say

The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File Photohas agreed to purchase a minority stake in Quest Global Services that values the engineering outsourcing firm at $2 billion, two people with knowledge of the matter told Reuters.

Quest Global investors Bain Capital and Advent International will exit in the transaction, while Quest Global will repurchase its own shares, Carlyle said in a statement.A representative for Bain Capital declined to comment on Quest Global's valuation in the deal. Advent and Quest Global did not immediately respond to requests for comment.

It currently has over 17,500 engineers across 67 delivery centres and offices in 17 countries, Carlyle's statement said.

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