Carlyle Group and Bequest Acquire Major Stake in Quest Global

The Competition Commission of India has approved Carlyle Group's acquisition of equity in Quest Global Services. Controlled by The Carlyle Group, Mauritius-based CA Plume Investments and Bequest, associated with Quest's CEO Ajit Aravind Prabhu, have green-lit the major stake purchase. Skechers acquisition by 3G Capital Partners was also approved.

The Competition Commission of India (CCI) has given the green light to the Carlyle Group's equity acquisition in Quest Global Services, a Singapore-based company. The deal, facilitated by Mauritius-based CA Plume Investments and Bequest, aims to enhance the global profile of Quest Global, which specializes in Engineering Research & Development (ER&D) services.

CA Plume Investments operates under the indirect control of funds managed by affiliates of The Carlyle Group Inc., a renowned global alternative asset management firm. Meanwhile, Bequest is tied to Quest Global's co-founder, Chairman, and CEO, Ajit Aravind Prabhu.

In addition, the commission approved another major acquisition involving Skechers USA Inc., which will see 3G Capital Partners take over all outstanding shares with investment assistance from Kakapo Investment Pte Ltd, following clearance from the regulatory body.

(With inputs from agencies.)