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CARLYLE BUYS $500 MILLION STAKE IN ENGINEERING SERVICES COMPANY QUEST

NEWS Desk Global

Private equity financier Carlyle will acquire a minority stake in engineering services company Quest Global, replacing Bain Capital and Advent, who will exit the company. According to sources, Carlyle would pay $500 million for little more than one-fourth of the company, valuing it at $1.8-2 billion.

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