RAG-Stiftung Beteiligungsgesellschaft mbH (“RAG-S BG”) has acquired a majority share in Qvest Media consisting of Qvest Media GmbH, Germany, Qvest Media FZ LLC, Dubai and Qvest Media Pte. Ltd., Singapore (“Qvest Media Group”). Peter Nöthen, former majority shareholder of Qvest Media Group, will continue to serve as CEO.

Duff & Phelps served as exclusive M&A advisor to the shareholders of Qvest Media Group in connection with the sale transaction.

About Qvest Media Group

Qvest Media Group is a leading international systems architect and transformation partner for the broadcast and media industry. They design, build and deliver technology solutions tailored to support customers through the entire technical architecture lifecycle. Customers include blue-chip TV and broadcast companies, as well as telecommunication, cable and satellite companies. Founded in 1991, the group with more than 170 employees serves its customers through three locations in Germany as well as offices in Dubai and Singapore.

About RAG-Stiftung Beteiligungsgesellschaft mbH

RAG-S BG, headquartered in Essen, Germany, was founded in 2014 as an investment management entity of RAG-Stiftung. RAG-S BG is focused on long-term investments in mid-sized companies in the field of global machine manufacturing, automation and industrial high-tech services. An important aim of the RAG-S BG is the development of an entrepreneurially managed industrial holding company with innovative and high-growth investments. RAG-Stiftung has a diversified portfolio of financial assets worth over €4.0 billion.