Growth5 August 2024

QuestGates secures minority investment from Equistone Partners Europe

Equistone Partners Europe has taken a minority stake in QuestGates to support its ongoing organic and acquisitive growth.

£0Growth

QuestGates is a loss adjusting and claims solutions group based in Birmingham. It provides multi-disciplinary professional services across the UK and Ireland.

Loss adjusting and claims solutions provider QuestGates has secured minority investment from Equistone Partners Europe. The transaction involves an all equity and no debt structure that leaves the management team and employees as majority shareholders. The capital will support the company as it pursues further organic expansion into specialist claims services and looks for additional acquisition targets.

From the founder

"Over the 20 years since incorporation,QuestGates has grown to be a leader in the UK loss adjusting and claims sector. We undertook anextensive review to identify a partner who could provide the capital and support that would allow us tomaintain our growth and continue investing in innovation and service quality. With its long-term approach, track record of supporting UK financial services businesses and cultural alignment around our focus on our customers and staff, Equistone is the right fit as the partner to support the next phase of ourdevelopment."

Chris Hall

CEO at QuestGates

Investor perspective

"We are delighted to be partnering with Chris and histeam to support the next chapter in its growth. The company has a highly experienced leadership teamwith strong networks and also boasts a track record of long-term organic growth and successful M&Aactivity. That combination presents a fantastic opportunity for Equistone to help QuestGates continue toevolve its service offering, grow its client base and consolidate a fragmented market."

Tristan Manuel

Director, Equistone Partners Europe