Bain Capital said to acquire stake in engineering outsourcing firm

Private equity firm Bain Capital has reportedly acquired a stake in engineering outsourcing company QuEST Global Engineering for about USD500m, the Business Standard has reported. QuEST Global Engineering is based in Bengaluru, India and operates an outsourcing facility in the Philippines. Sources said Bain Capital is investing about USD400m-USD500m in the engineering outsourcing company, whose marquee clients include Pratt & Whitney, Rolls Royce, Boeing and Airbus. QuEST Global Engineering, however, refused to comment on the report, saying it does not respond to speculations on its investment activities. Warburg Pincus holds 25% in the company following its USD75m investment in 2010.