Hillhouse Investment takes a minority stake in Quest Global

● GROWTH | IT SERVICES · Software Engineering Services

FEBRUARY 23, 2026

Hillhouse Investment takes a minority stake in Quest Global (Carlyle)

TARGET

Quest Global delivers end-to-end engineering R&D services—software, embedded, mechanical, and digital—to global OEMs across aerospace, automotive, energy, and healthcare.

Ownership	PE-backed · Carlyle (prior owner); The Carlyle Group, ChrysCapital, True North Managers LLP, GIC, Hillhouse Investment
Capital raised	$1.081B
Headcount	21,500 FTEs
Headquarters	Singapore, Singapore
Leadership	Ajit Prabhu, Co-Founder & CEO
Sell-side advisor	Jefferies

INVESTOR

Hillhouse Investment

Global private equity and venture capital firm

Deal team	Sean Carney, Partner, Co-Head of Global Buyout
Buy-side advisor	—

Share deal Copy details View press release ↗

Hillhouse Investment -> Quest Global  (2026-09-18)
minority_investment | IT Services | announced
Target: Quest Global delivers end-to-end engineering R&D services—software, embedded, mechanical, and digital—to global OEMs across aerospace, automotive, energy, and healthcare.
Website: questglobal.com | Buyer site: hillhouseinvestment.com
HQ: Singapore, Singapore | Ownership: pe-backed | Seller: The Carlyle Group
Advisors - Sell-side: Jefferies
Source: Thematic - https://thematichq.com/software/d/hillhouse-investment-quest-global.html

Spotted an error or advised on this transaction? Claim credit or send a correction

MORE IN IT SERVICES

HR Path acquires ModusForce Systems Integration & ImplementationSEP 17

ModusForce – Dayforce HCM implementation and optimisation consultancy delivering advisory, change management, and managed support services to UK and Ireland employers ›

Softcat acquires GDT (HIG) Systems Integration & ImplementationSEP 17

$1.05bn Enterprise Value · GDT – Enterprise IT solutions provider and systems integrator delivering networking, hybrid cloud, data center, cybersecurity, and collaboration services to large enterprises across a wide range of industries ›

RLH Equity Partners invests in Climb Systems Integration & ImplementationSEP 16

Climb – databricks-native data and AI consultancy helping enterprises in healthcare, life sciences, banking, insurance and capital markets build, migrate and scale data and AI solutions on the Databricks platform ›

xAmplify (Macquarie Capital Principal Finance) acquires Accelerate IT Solutions Systems Integration & ImplementationSEP 16

Accelerate IT Solutions – Perth-based ServiceNow consultancy delivering specialist workflow automation implementation and managed services to enterprise clients across Australia ›

Niobrara Capital acquires MSP Corp. (Alfar +2) Managed Services (MSP)SEP 16

MSP Corp. – Pan-Canadian managed IT and cybersecurity services provider delivering outsourced IT infrastructure, MSSP, and cloud management to small and midsize businesses across 12 offices and six provinces ›

CyberMaxx acquires Avertium (Sunstone) Managed Security Services (MSSP)SEP 16

Avertium – managed cybersecurity and GRC services for mid-market and enterprise organizations, with deep Microsoft security stack expertise across Defender, Sentinel, Entra, Purview, Intune, and Copilot ›

Browse the full register →

SEARCH CONTACT

Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.