Loss adjusting and claims specialist QuestGates has attracted a minority stake investment from mid-market private equity firm Equistone Partners Europe. Chris Hall, QuestGates’ CEO will remain in place along with the rest of the firm’s management team and its 500-strong workforce.

Hall said: “Over the 20 years since incorporation, QuestGates has grown to be a leader in the UK loss adjusting and claims sector. We undertook an extensive review to identify a partner who could provide the capital and support that would allow us to maintain 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 our development.”

Tristan Manuel, director at Equistone, added: “The company has a highly experienced leadership team with strong networks and also boasts a track record of long-term organic growth and successful M&A activity. That combination presents a fantastic opportunity for Equistone to help QuestGates continue to evolve its service offering, grow its client base and consolidate a fragmented market.”