June 23, 2017 9:05 PM ET

Construction and Engineering

Company Overview of QuEST Global Services Pte. Ltd.

Company Overview

QuEST Global Services Pte. Ltd. is an engineering services company. The company provides product design services, including design and development, detailed engineering, and engineering analysis; product development services; product support services, such as technical publications, after market services, and sustenance engineering; safety and analysis services comprising safety, reliability, maintainability, and availability analysis, as well as verification and validation/qualification; engineering services, including electronics and embedded systems, equipment design, engineering software, plant design engineering, and project engineering; and engineering consulting services. It serves ae...

7, Temasek Boulevard

#09-04 Suntec Tower One

Singapore,  038987

Singapore

Founded in 1997

Phone:

65 6272 3310

Fax:

65 6272 4495

Key Executives for QuEST Global Services Pte. Ltd.

Chairman of The Board, Chief Executive Officer and Chairman of The Board of Quest Global Engineering
Chief Financial Officer
Age: 45
Chief Operating Officer
President of Strategic Accounts
Senior Vice President of Global Operations
Compensation as of Fiscal Year 2016.

QuEST Global Services Pte. Ltd. Key Developments

Quest Global Services Provides Earnings Guidance for the Full Year of 2016

Advent International, which lost its bid to acquire Quest Global Services to a consortium of Bain Capital and Singapore sovereign wealth fund GIC, has finally found its way in. The fund has agreed to invest $80 million to acquire around 8% stake held by some of minority investors in Quest, valuing the Quest at around $1 billion. Quest, with revenue of $300 million in 2015, is projected to post a consolidated operating profit of around $84 million this fiscal year.

Advent International Reproedty To Acquire Stake In QuEST Global Services

Advent International Corporation reportedly has agreed to invest SGD 80 million to acquire around 8% stake held by some of minority investors in QuEST Global Services Pte. Ltd., valuing QuEST Global Services at around SGD 1billion, multiple sources told ET. The transaction is expected to conclude on February 1, 2016. After the deal, the three financial investors will own around a 35% stake in the company, sources said. Advent International will get one board seat along with Bain Capital, LLC and GIC Pte. Ltd. “The deal is done. All agreements are in place. A formal announcement is pending,” said one of the sources with direct knowledge of the matter. Advent declined to comment, while an email sent to Ajit Prabhu, Cofounder and Chief Executive of QuEST Global Services, remained unanswered until press time on January 31, 2016.

Bain Capital Eyes QuEST Global Services

Bain Capital, LLC is reportedly all set to acquire stake in QuEST Global Services Pte. Ltd. from Warburg Pincus LLC. According to multiple sources privy to this development, Bain Capital is learnt to be closing around $400 million to $500 million. Warburg holds 25% stake in the company. Bain Capital could not be reached for its comments.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 13, 2016
HASK Engineering & Management Pte. Ltd.
 

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