Investment Summary

The Carlyle Group Invests In Quest Global Services

On August 8, 2023, private equity firm The Carlyle Group invested in information technology company Quest Global Services from Bain Capital Private Equity, GIC and Advent International

Investment Highlights
  • This is The Carlyle Group’s 38th transaction in the Information Technology sector.
  • This is The Carlyle Group’s 3rd transaction in Singapore.

Investment Summary

Date 2023-08-08
Target Quest Global Services
Sector Information Technology
Investor(s) The Carlyle Group
Sellers(s) Bain Capital Private Equity
GIC
Advent International
Deal Type Stake Purchase
Advisor(s) Barclays Investment Bank
J.P. Morgan Securities
BNP Paribas Corporate and Investment Banking (Financial)
Latham & Watkins (Legal)

Target

Quest Global Services

Singapore , Singapore
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) 1

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 738 of 742
Sector (Information Technology) 38 of 38
Type (Stake Purchase) 73 of 73
Country (Singapore) 3 of 3
Year (2023) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Tessara

Cape Town, South Africa

Tessara is a manufacturer of sulfur dioxide sheets, which are used to preserve fresh produce during export. Its flagship product is Uvasys, a SO2-based sheet, primarily used to protect table grapes against Botrytis infection, which is responsible for almost 50% of all post-harvest agricultural loss. Uvasys also enhances transportation, export and storage of grapes. Tessara was founded in 1985 and is based in Cape Town, South Africa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Ocmis

Castelvetro di Modena, Italy

Ocmis designs, manufactures and sells a comprehensive range of technologically advanced sprinkling irrigation solutions and related accessories for use in the agricultural sector. Ocmis was founded in 1970 and is based in Castelvetro di Modena, Italy.

Sell -

Seller(S) 3

SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


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 143 of 147
Sector (Information Technology) 7 of 7
Type (Stake Purchase) 4 of 4
Country (Singapore) 1 of 1
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Novopor

Hyderabad, India

Novopor is a performance chemicals and material science company focusing on enabling sustainable innovation and strategic partnerships to improve quality of life and make a better planet for the future. Novopor partner with global companies for development and manufacturing in the field of agrochemicals, performance chemicals and material science. Novopor was founded in 1994 and is based in Hyderabad, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-11 Chindata Group Holdings

Beijing, China

Chindata Group Holdings is an entity that provides carrier-neutral hyper-scale data center solutions in China, India, and Southeast Asia markets. It offers colocation and managed, energy procurement and transmission, infrastructure, and IT and network services. Chindata Group Holdings was founded in 2015 and is based in Beijing, China.

Buy $3.2B
SELLER
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 10 of 11
Sector (Information Technology) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Singapore) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Unither Pharmaceuticals

Amiens, France

Unither Pharmaceuticals is a developer and manufacturer of pharmaceuticals products. Unither operates six manufacturing sites in France, the United States, and Brazil, and has a dedicated research and development center in Europe. Unither Pharmaceuticals was founded in 1993 and is based in Amiens, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Biotrop

São Paulo, Brazil

Biotrop is an ag-tech focused on biologicals and natural sustainable solutions for agriculture. As the result of the dedication of a select group of professionals passionate about agribusiness, the company offers the most high-tech biological inputs to growers. Biotrop was founded in 2018 and is based in São Paulo, Brazil.

Sell -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


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 215 of 222
Sector (Information Technology) 13 of 15
Type (Stake Purchase) 8 of 8
Country (Singapore) 2 of 2
Year (2023) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-08 Zimmermann

Rosebery, Australia

Zimmermann is a global luxury fashion brand that designs and sells iconic Ready-To-Wear and Swim & Resort collections through its online platform and own retail stores, as well as select department stores, boutiques, and online fashion retailers. Zimmermann was founded in 1991 and is based in Rosebery, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Grupo CRM

São Paulo, Brazil

Grupo CRM is a premium chocolate producer with established brands such as Kopenhagen and Chocolates Brasil Cacau and Kop Koffee and has a state-of-the-art manufacturing plant in Extrema, Minas Gerais, in the southeast of Brazil. Grupo CRM is based in São Paulo, Brazil.

Sell -