Mid-market private equity investor Equistone Partners Europe has made an investment in QuestGates, a UK provider of loss adjusting and claims services.
QuestGates is headquartered in Birmingham and operates out of 12 offices across the UK and Ireland. Founded in 2003, the company offers loss adjusting, claims handling, surveying, engineering and legal services. QuestGates employs around 500 people and generated revenues of £41m in the 2023/24 financial year.
QuestGates’ management team, led by CEO Chris Hall, will continue to lead the company and will remain majority shareholders in the business. Equistone’s senior partner Dominic Geer and director Tristan Manuel will also join QuestGates’ board.
Equistone’s minority investment will support QuestGates’ diversification into wider specialist claims services and development of the company’s technology products, as well as acquisitions, building on the 18 M&A deals completed by QuestGates since its formation.
Equistone has so far invested over €1bn in 14 financial services businesses across Europe.
Hines Associates, Deloitte, PwC and DLA Piper advised Equistone.
