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Everstone Group <br> (Everstone Capital)

From EverybodyWiki Bios & Wiki


Everstone Group
(Everstone Capital)
Private
ISIN🆔
IndustryAlternative Investment
Founded 📆2006; 18 years ago (2006)
Founders 👔Sameer Sain, Atul Kapur
Headquarters 🏙️Singapore
Area served 🗺️
Singapore, and India
💎 AUMUS$ 5 billion[1]
Members
Number of employees
🌐 Websitewww.everstonecapital.com
📇 Address
📞 telephone

Everstone Group is a Singapore-based, India-focused private equity firm.[2][3] The group's primary focus is in the business service, financial service, healthcare, information technology service, and manufacturing sectors.[4] It was founded by Sameer Sain and Atul Kapoor in 2006.[5] The firm has offices in London, New York City, and Mauritius, besides India and Singapore.

History[edit]

The origin of the group can be traced back to Future Capital, a financial services firm that was established by Sameer Sain in partnership with India's Future Group in 2006.[6] Sain took over Future Capital's private equity business in 2009. Eventually, he teamed up with Atul Kapur, a former Goldman Sachs colleague, and formed Everstone Capital.[7] The company is headquartered in Singapore.[5]

Investments[edit]

  • In 2012, Everstone picked up a 35% stake in publishing house S. Chand Group for $38 million.[8]
  • In 2014, the group along with US-based Solmark invested $66 million in Servion Global Solutions.[9]
  • In 2015, Everstone Capital became a major investor in Sohan Lal Commodity Management.[10]
  • In 2017, the group invested $35 million in OmniActive Health Technologies.[11]
  • In 2019, Everstone Capital bought a controlling stake in Sahyadri Hospital, a hospital chain in the Indian state of Maharashtra.[12][13]
  • In January 2020, the group announced that it would invest $50 million in the US-based Slayback Pharma to buy a minority stake.[14][15][16]  
  • In August 2020, Everstone Capital along with Goldman Sachs invested in QMetry Inc., a continuous testing platform company.[17]
  • In August 2020, the group along with Goldman Sachs invested in US-based Infostretch.[18][19]
  • In December 2020, Everstone Capital acquired controlling stake in India-based Calibre Chemicals.[20][21][22]
  • In November 2021, Everstone signed a master franchise agreement with American fast food restaurant Subway to operate outlets in India and Bangladesh.[23]

Partnerships[edit]

Everstone Capital partnered with the American real estate investment firm, Realterm Group to create IndoSpace Logistic Parks.[24][25] In 2017, the Canada Pension Plan Investment Board and IndoSpace, formed a joint venture called IndoSpace Core to develop modern logistic facilities in India.[26] In 2018, the Singapore-based logistics facilities provider, GLP partnered with IndoSpace to enter the Indian market.[27]

In a joint venture with the global solar project developer, Lightsource BP, Everstone has formed EverSource Capital.[28][29] The venture manages funds to focus on renewable energy, distribution infrastructure and green energy services in the country.[30]

Everstone is the master franchisee for Burger King in India and Indonesia, and Domino’s Pizza in Indonesia.[23]

Awards and recognitions[edit]

References[edit]

  1. ↑ "Everstone to acquire controlling stake in Mumbai-based Calibre". Retrieved 13 March 2021.
  2. ↑ "India-focussed funds on the rise - ProQuest". search.proquest.com. Retrieved 2021-03-13.
  3. ↑ Pathak, Sunil Kumar (2020-12-02). First 1000 days of Startup: Decoding Finance for Entrepreneurs. Notion Press. ISBN 978-1-64899-999-4. Search this book on
  4. ↑ "Everstone Capital Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-03-13.
  5. ↑ 5.0 5.1 Dhanjal, Shrija Agrawal,Swaraj Singh (2016-10-17). "The building of Everstone Capital". mint. Retrieved 2021-03-13.
  6. ↑ Business World. Ananda Bazar Patrika Limited. 2010. Search this book on
  7. ↑ Zachariah, Reeba; Kurian, Boby (January 7, 2012). "Don't listen to what people say, merely observe what they do". The Times of India. Retrieved 2021-03-13.
  8. ↑ "Everstone Capital to invest $38M in publishing firm S Chand & Company". VCCircle. 2012-10-23. Retrieved 2021-03-13.
  9. ↑ "Everstone, Solmark pick up majority stake in Servion Global Solutions". The Hindu. Special Correspondent. 2014-11-21. ISSN 0971-751X. Retrieved 2021-03-13.
  10. ↑ Dhanjal, Pooja Sarkar,Swaraj Singh (2015-07-31). "Sohan Lal Commodity in talks with Rabo, IDFC to raise Rs100 crore". mint. Retrieved 2021-03-13.
  11. ↑ "Everstone Group invests $35 million in OmniActive Health Tech". The Economic Times. Retrieved 2021-03-13.
  12. ↑ Sarkar, Ranju (2019-04-07). "Everstone buys majority stake in Pune-based Sahyadri Hospitals". Business Standard India. Retrieved 2021-03-13.
  13. ↑ Balakrishnan, Reghu. "PE fund Everstone to acquire Pune's Sahyadri Hospitals". The Economic Times. Retrieved 2021-03-13.
  14. ↑ "Everstone Group To Invest Up To $50 Million In Slayback Pharma LLC". Moneycontrol. Retrieved 2021-03-13.
  15. ↑ Saxena, Ridhima (2020-01-06). "Slayback Pharma raises fresh funds from PE firm Everstone Group". mint. Retrieved 2021-03-13.
  16. ↑ "Everstone to invest $50 million in KKR-backed Slayback Pharma". The Economic Times. Retrieved 2021-03-13.
  17. ↑ "Goldman Sachs, Everstone Capital to invest in QMetry". www.spglobal.com. Retrieved 2021-03-13.
  18. ↑ Balakrishnan, Reghu. "Everstone, Goldman Sachs buy into US based Infostretch". The Economic Times. Retrieved 2021-03-13.
  19. ↑ "Infostretch Announces Private Equity Investment From Goldman Sachs Merchant Banking Division and Everstone Group". finance.yahoo.com. Retrieved 2021-03-13.
  20. ↑ "Singapore-based Everstone buys controlling stake in Calibre for Rs 1,000 cr". Business Standard India. Press Trust of India. 2020-12-06. Retrieved 2021-03-13.
  21. ↑ "Everstone snaps up pharma firm Calibre for Rs 1,000 cr". Outlook India. Retrieved 2021-03-13. Unknown parameter |url-status= ignored (help)
  22. ↑ "India: Everstone to buy controlling stake in specialty ingredients maker Calibre". DealStreetAsia. Retrieved 2021-03-13.
  23. ↑ 23.0 23.1 Tandon, Suneera (2021-11-02). "Everstone gets Subway master franchise for India, B'desh". mint. Retrieved 2022-03-12.
  24. ↑ "Indian property firm looking to list Reit in Singapore". The Straits Times. 2015-10-01. Retrieved 2021-03-13.
  25. ↑ "Logistics & warehousing investor IndoSpace creates $1.2 bn corpus for latest fund". VCCircle. 2018-12-14. Retrieved 2021-03-13.
  26. ↑ "Canada Pension Board to invest $500 m in logistics joint venture IndoSpace". @businessline. Retrieved 2021-03-13.
  27. ↑ PM, Indulal. "Everstone, GLP to launch $500-million investment platform for logistics". The Economic Times. Retrieved 2021-03-13.
  28. ↑ "Lightsource BP, Everstone Forms Green Fund Focused on India". Bloomberg.com. 2018-04-18. Retrieved 2021-03-13.
  29. ↑ Dhanjal, Swaraj Singh (2019-03-25). "EverSource Capital to invest $1 billion in India's renewable energy sector". mint. Retrieved 2021-03-13.
  30. ↑ "Everstone Group, Lightsource BP Form 50:50 JV to Invest in Indian Green Infrastructure". www.saurenergy.com. Retrieved 2021-03-13.
  31. ↑ "Everstone Capital named 'PE Firm of the year by Private Equity Asia Awards". www.indiainfoline.com. Retrieved 2021-03-13.
  32. ↑ 32.0 32.1 "Everstone Group Wins Back to Back Awards AGAIN". The Week. Retrieved 2021-03-13.
  33. ↑ "Events and Training | Mosaic Digital". vccircleawards2021.vccevents.com. Retrieved 2021-03-13.

External links[edit]


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