Carlyle buys into Quest Global, invests $500 million

Carlyle buys into Quest Global, invests $500 million https://ift.tt/auH3C65 equity firm Carlyle Group will acquire a 28% stake in Quest Global Services, an engineering and R&D services provider, for $500m, according to insiders. Quest Global's existing stakeholders, including Bain Capital, Advent Capital and the GIC of Singapore, will sell up. Quest, which has a client list including Airbus, BMW, General Electric, Pratt & Whitney, and Rolls Royce, will use the funds for acquisitions and initial public offerings over the next three to five years.