Temasek Eyes 5% Stake in Quest Global in $4.6B Valuation Deal
Singapore’s state investor Temasek Holdings is in “advanced” discussions to take a stake in engineering services company Quest Global Services, The Business Times reported Saturday. The stake — expected to be around 5% — forms part of a pre-IPO fundraising round valuing Quest Global at $4.6 billion.
Quest Global, which supports industries ranging from aerospace and defense to healthcare and automotive, is preparing for an Indian stock market debut. Additional investors could join the round as talks remain fluid and subject to change.
