MUMBAI: Global private equity fund Warburg Pincus is said to have earned more than three times its investment in engineering services company Quest Global after agreeing to sell the 25 per cent stake to Bain Capital and GIC of Singapore. Following the deal, the company is valued at $1 billion, said three people with knowledge of the development. In 2010, Warburg had trumped Bain to pick up the stake for $75 million. Bain Capital and GIC together now own the stake after it paid aroun .. Read more at: http://economictimes.indiatimes.com/articleshow/50318462.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesWarburg Pincus’ $75 million investment in Quest Global fetches three-fold return
Industry: Other 2015-12-25
