The Hindu Business Line : Promoters buy Carlyle’s stake in QuEST

Bangalore, Nov. 1 The promoter group of QuEST, a provider of outsourced engineering and manufacturing services, has acquired all the shares held in the company by Carlyle Asia Ventures Partners II.

Carlyle had invested $6 million in QuEST in September 2003, which was used to set up QuEST’s infrastructure facilities in the US and India. Mr Arvind Melligeri, co-founder and president, QuEST, said the promoters offered the exit option to Carlyle and paid a premium, which he refused to disclose

More Stories on : Mergers & Acquisitions | Venture Capital | Outsourcing

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