Davis Polk Advises QuEST Global Services on Minority Secondary Investment by Bain Capital and Others
Davis Polk advised QuEST Global Services Pte. Ltd. in connection with the approximately $350 million purchase by Bain Capital, GIC Private Limited and Advent International Corporation of minority stakes in QuEST from an affiliate of Warburg Pincus and certain other QuEST shareholders.
QuEST is a leading provider of outsourced engineering services, employing over 7,300 professionals and with delivery centers in Singapore, India, the United States, the United Kingdom, Germany, Italy, Spain, France and Japan. QuEST services customers in aerospace and defense, aero engines, power generation, oil and gas and industrial products, and specializes in establishing dedicated low-cost engineering centers for global engineering majors.
Bain Capital is one of the world’s leading private investment firms with approximately $75 billion in assets under management across several asset classes, including private equity, venture capital, public equity, credit products and absolute return. GIC Private Limited is one of the world’s largest global investors, with over $100 billion of assets in more than 40 countries worldwide. Advent International Corporation is one of the world’s leading investment advisory and private equity investment firms with over $30 billion in assets under its management.
The Davis Polk corporate team included partners Kirtee Kapoor and Stephen Salmon and associates Max Brunner, Jahnavi Pendharkar and Dongbiao Shen. Counsel Mary K. Marks and associate Rebecca Tracy Rotem provided antitrust and competition advice. Members of the team are based in the Northern California, New York and Washington DC offices.