Hillhouse Investment Acquires Minority Stake in Singapore-Based Quest Global

Hillhouse Investment Acquires Minority Stake in Quest Global

Summary

On Monday, Hillhouse Investment announced the acquisition of a minority stake in Quest Global, an engineering services company based in Singapore. The investment was made through a mix of primary and secondary share purchases, with the financial details of the transaction remaining undisclosed.

Transaction Details

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The investment is expected to support Quest Global's strategic priorities, including the further development of advanced engineering capabilities to enhance its clients' offerings. The company plans to utilize the additional capital to achieve its long-term growth strategy and reinforce its differentiated value proposition.

Company Overview

Quest Global is a leading engineering services company founded in 1997 by Ajit Prabhu and Aravind Melligeri. The company operates in over 18 countries, including India, with a presence in sectors such as aerospace and defence, automotive, energy, hi-tech, medtech and healthcare, rail, and semiconductors. Quest Global has a strong track record of scaling sustainably across high-growth sectors, including aerospace, automotive, energy, and semiconductors.

Investor Background

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Hillhouse Investment is a Singapore-based global alternative investment manager with over two decades of expertise in various investment strategies, including public equities, private equity, private credit, and real assets. The company has a private equity portfolio spanning 30 countries and manages assets on behalf of institutional clients, including university endowments, foundations, family offices, and other long-term institutional investors based in the US, Southeast Asia, and the Middle East.

Financial Advisory

Jefferies served as the exclusive financial adviser to Quest Global on the transaction, providing strategic guidance and support throughout the investment process.