GIC, Advent, Bain invest US$350m in engineering outsourcing firm
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Mumbai
SINGAPORE sovereign wealth fund GIC Pte Ltd and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for US$350 million.
QuEST, which provides services to companies in sectors including aviation, automobile, oil and gas, power and healthcare, has its headquarters in Singapore but more than half of its staff are located in India.
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