NewQuest makes debut deal from Fund III

The direct secondaries firm used its $540m Fund III to acquire 100% of back-office outsourcing firm Integreon, Secondaries Investor reports.

NewQuest Capital Partners has made the first deal from its latest fund, by acquiring a back-office outsourcing firm from Actis and Filipino corporation Ayala, according to PEI's sister publication Secondaries Investor.

The direct secondaries firm bought 100 percent of New York-headquartered Integreon for an undisclosed sum. The company provides legal, document, business and research services, according to a statement announcing the deal.

“Over the past few years, the business has achieved an exceptional market position and is poised to take advantage of its long-standing strong client relationships, its global delivery platforms, and deep experience in working with professional clientele,” Amit Gupta, partner and chief operating officer at NewQuest, said.

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