Investment Summary

Bain Capital Private Equity, GIC and Advent International Invest In Quest Global Services

On February 18, 2016, private equity firm Bain Capital Private Equity, sovereign wealth fund GIC and private equity firm Advent International invested in information technology company Quest Global Services from Warburg Pincus

Investment Highlights
  • This is Bain Capital Private Equity’s 4th, GIC’s 2nd and Advent International’s 12th transaction in the Information Technology sector.
  • This is Bain Capital Private Equity’s 1st, GIC’s 1st and Advent International’s 2nd transaction in Singapore.

Investment Summary

Date 2016-02-18
Target Quest Global Services
Sector Information Technology
Investor(s) Bain Capital Private Equity
GIC
Advent International
Sellers(s) Warburg Pincus
Deal Type Stake Purchase
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Quest Global Services

Singapore , Singapore
website
Quest Global Services is a global engineering solutions provider with a proven track record of serving the product development & production engineering needs of high technology companies. Quest Global Services was founded in 1997 and is based in Singapore.

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Investor(S) 3

Investor

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 137 of 227
Sector (Information Technology) 4 of 15
Type (Stake Purchase) 13 of 20
Country (Singapore) 1 of 1
Year (2016) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Physio-Control

Redmond, Washington, United States

Physio-Control, Inc. develops, manufactures and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Brakes Bros

Ashford, United Kingdom

Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

Sell £2.2B
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 13 of 38
Sector (Information Technology) 2 of 4
Type (Stake Purchase) 1 of 7
Country (Singapore) 1 of 2
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 RAC

Walsall, United Kingdom

RAC is an motoring organization offers roadside assistance to around 8.6 million members if their vehicles suffer a mechanical failure, fixing 80% of issues at the roadside. If the issue can’t be resolved then members will be offered a tow to a destination of the member’s choice. RAC is also an insurance broker, offering car, home, motorcycle and van and other specialist insurance using a panel of third-party underwriters to roadside members and non-members. RAC was founded in 1897 and is based in Walsall, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Ancestry

Provo, Utah, United States

Ancestry.com is a provider of family history and consumer genomics information, and helps people gain a new level of understanding about their lives. The Company's suite of history products include Archives, Fold3, Newspapers.com, AncestryDNA, and AncestryHealth. Ancestry.com was formed in 1990 and is based in Provo, Utah.

Buy $2.6B
Investor

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 228 of 330
Sector (Information Technology) 12 of 31
Type (Stake Purchase) 7 of 13
Country (Singapore) 2 of 2
Year (2016) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Quality CARE India Limited

Hyderabad, India

The CARE Hospitals Group is a multispecialty healthcare provider, with 16 hospitals serving 9 cities across 7 states of India. The regional leader in tertiary care in South/Central India and among the top 4 pan-Indian hospital chains, CARE Hospitals delivers comprehensive care in more than 30 specialties in tertiary care settings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 ATI Physical Therapy

Bolingbrook, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Bolingbrook, Illinois.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 129 of 249
Sector (Information Technology) 6 of 12
Type (Stake Purchase) 6 of 12
Country (Singapore) 1 of 1
Year (2016) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Trident Energy

London, United Kingdom

Trident Energy is an E&P company focused on building a diversified portfolio of operated, cash-generating, onshore and shallow/mid-water offshore mid-life assets. Trident focuses on acquiring proven assets from majors and large independents while materially improving their operating performance. Trident Energy was founded in 2016 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 RimRock Oil & Gas

Greenwood Village, Colorado, United States

RimRock Oil & Gas is an exploration and production company focused on the acquisition and development of oil and gas properties primarily in the Williston Basin. The Company currently operates approximately 30,000 net acres in the Fort Berthold Indian Reservation of Dunn County, North Dakota.

Buy -