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.
Read more by visiting Secondaries Investor.