Carlyle buys stake in Singapore's Quest Global as Bain, Advent exit

Deal equity to come from funds managed by Carlyle Asia Partners

20230809 DSA Carlyle Quest

Quest Global's investors include Singapore's sovereign wealth fund GIC and True North. (Source photos by Reuters. Logos from Carlyle and Quest Global websites.)

SIMRAN VASWANI, DealStreetAsia

HONG KONG -- Private equity giant Carlyle is acquiring a minority stake in Quest Global, while existing investors Bain Capital and Advent International will exit the Singapore-based engineering company.

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