Everstone Capital
Deal focus: Everstone secures 3x return on outsourcing play
Everstone Group helps outsourcing specialist Everise adapt to the work-at-home realities of the day before exiting the business to Brookfield Asset Management
Everstone exits Singapore BPO business to Brookfield
Everstone Group has agreed to sell Everise, a business process outsourcing (BPO) company it formed through the amalgamation of several existing assets, to Brookfield Asset Management.
Everstone buys Indian pharma ingredients player
Everstone Group has acquired a controlling stake in Calibre, an Indian ingredients supplier for the pharmaceutical and nutrition industries, for an undisclosed sum.
PE-owned Burger King India pursues $110m IPO
The Indian franchise of US fast food giant Burger King will launch its IPO this week seeking to raise up to INR8.1 billion ($109.5 million), facilitating a partial exit for majority shareholder Everstone Group.
Atul Phull rejoins Everstone in business development role
Atul Phull, who left Everstone Group in 2018 after a seven-year stint spent primarily on fundraising activities, has rejoined the India and Southeast Asia-focused private equity firm.
India clean energy: Shock treatment
The economic fallout from COVID-19 will not spare any sector, but careful planning can ensure private equity firms can take advantage of India’s ambitious energy transition goals
BP commits $70m to Everstone-managed India energy fund
Energy giant BP has agreed to invest $70 million in Green Growth Equity Fund (GGEF), a PE vehicle co-managed by Everstone Group that invests in sustainable infrastructure projects in India.
Everstone sells Asia payroll business to US strategic player
India and Southeast Asia-focused private equity firm Everstone Group has agreed to sell Singapore-headquartered human resources software provider Excelity Group to US peer Ceridian. The size of the deal has not been disclosed.
Deal focus: Brookfield lends a helping hand
Brookfield Asset Management chose IndoStar Capital Finance as its way into India’s private lending space, putting faith in the non-banking finance company’s ability to diversify its business streams
Brookfield buys into Everstone’s India NBFC
Brookfield Asset Management has offered to buy up to 40% of IndoStar Capital, an Indian non-banking financial company (NBFC) established by Everstone Group, for INR14.5 billion ($202 million).
India buyout market set to grow in 2020s
Indian investors at the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) Asia Forum forecast rising opportunities for control deals in the early 2020s.
Everstone backs US, India-based generics developer
The Everstone Group has agreed to invest $50 million in Slayback Pharma, a developer of generic and specialty drugs with a presence in India and the US.
Everstone names Alok Oberoi as executive chairman
India and Singapore-based Everstone Group has named Alok Oberoi (pictured), a former executive at Goldman Sachs, as executive chairman, effective from 2020.
India middle market: Polarization point
Increased deal flow towards the top end of India’s private equity market is stretching the capacity of mid-tier local managers. What are the implications for co-investment and fund size?
Fundraising gap impedes mid-market exits – AVCJ Forum
Polarization in fundraising has left middle-market investors with difficult options for realizing exits, according to industry participants at the AVCJ Forum.
PE & QSR: Going greenfield in India
Localization was the key for Everstone Group when rolling out Burger King in an India market that is both price-sensitive and not known for its appreciation of beef
Everstone seeks listing for Burger King India
Everstone Capital, which set up the Indian franchise of US fast food giant Burger King in 2013, has filed to list the company on the domestic markets.
India's Everstone hires ex-Temasek executive
Everstone Group has appointed Vibhor Kumar Talreja, who previously spent 12 years with Temasek Holdings in India, as a managing director in its private equity business.
Everstone invests in India's Translumina
The Everstone Group has invested in Translumina Therapeutics, a global manufacturer of medical devices based in India.
US-India cross-border: Taking the leap
US-India cross-border deals present a tempting opportunity for Indian GPs, but managing investments in another market requires careful use of resources and a level of commitment that not all firms can match
Whale watching: Mid-cap GPs engage large-cap LPs
Recent appointments by two Asian GPs - Everstone Group and Legend Capital - offer insights into how smaller managers are trying to forge meaningful relationships with large institutional investors
Everstone hires former Wipro co-head for IT investments
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Emerging Asia healthcare: Pilot programs
Buy-and-build strategies, a mainstay of the PE toolkit in developed markets, are gaining exposure in emerging Asia’s healthcare sector. Proving a viable exit path will be the key to widespread adoption
Everstone hires former UTIMCO executive in New York
Indian and Southeast Asia-focused GP Everstone Group has hired Suneel Kaji, who was most recently part of the private markets team at University of Texas Investment Management (UTIMCO), as a managing director based in New York.