Carlyle To Acquire A Significant Minority Stake In Quest Global
Portfolio Pulse from Charles Gross
Carlyle (NASDAQ:CG) is set to acquire a significant minority stake in engineering services firm Quest Global. The equity for this transaction will come from funds managed by Carlyle Asia Partners. Current investors Bain Capital and Advent International will exit, and Quest Global will repurchase its company shares. Ajit Prabhu, CEO of Quest Global, will acquire an additional stake in the company.
August 08, 2023 | 9:15 am
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POSITIVE IMPACT
Carlyle's acquisition of a minority stake in Quest Global could potentially diversify its portfolio and increase its exposure to the engineering services sector.
The acquisition of a minority stake in Quest Global by Carlyle could potentially diversify its portfolio and increase its exposure to the engineering services sector. This could lead to potential growth in the future, hence the positive score. The news is highly relevant as it directly involves Carlyle and is important as it could impact the company's future growth and strategy.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100