Hillhouse Investment has acquired a minority stake in Quest Global, reinforcing confidence in the company’s differentiated engineering model, global scale, and long-term growth strategy

Bengaluru, India : Quest Global, the largest private independent pure-play engineering services company, and Hillhouse Investment (“Hillhouse”), one of the world’s leading global investment firms, today announced that they have entered into definitive agreements for Hillhouse to make a minority investment in Quest Global.

The transactions will include a primary capital infusion into Quest Global, along with the purchase of shares from select existing shareholders. Quest Global will use the additional capital to achieve its strategic priorities. The investment will be made through funds managed and advised by Hillhouse Investment Management.

Speaking on the development, Ajit Prabhu, Co-Founder & CEO, Quest Global, said, “This investment by global brand name investment manager Hillhouse is a significant step in our journey to be the most trusted partner for the world’s hardest engineering problems. Their investment reinforces the strength of our differentiated value proposition, financial and operating discipline, and long-term growth strategy. We look forward to partnering with Hillhouse as we further invest in advanced engineering capabilities that will help our clients solve the problems of today that stand in the way of tomorrow.”

Backed by global investment firm The Carlyle Group, Quest Global has strengthened its governance framework, capital base, and global expansion strategy over the years, reinforcing its position as a trusted long-term engineering partner to leading global OEMs.

Sean Carney, Partner, Co-Head of Global Buyout at Hillhouse Investment said, “Quest Global has established itself as a trusted engineering partner to some of the world’s most respected OEMs, supported by deep domain expertise and a highly skilled global workforce. The company’s focus on mission-critical programs, long-term customer relationships, and disciplined execution has enabled it to scale sustainably across high-growth sectors such as aerospace, automotive, energy and semiconductors. We believe Quest Global is well positioned to benefit from increasing global demand for advanced engineering and technology-led transformation. We look forward to partnering with the company to support its next phase of growth and long-term value creation.” The transaction is subject to customary closing conditions. Jefferies served as the exclusive financial adviser to Quest Global on the transaction.