Everstone Capital
Portfolio: Everstone Capital and Modern Foods
Everstone Capital’s purchase of Hindustan Unilever’s bakery business was its first corporate carve-out. It is now ready to introduce India to the new and improved Modern Foods
LP interview: Verlinvest
Verlinvest has built strong consumer sector presence in Asia through PE fund commitments and direct deals. Nicholas Cator, an executive director at the family office, says the latter are more important than the former
Everstone re-ups in India's Servion
Everstone Capital has invested $8 million in Indian customer experience management (CEM) solutions provider Servion Global Solutions, raising its total stake in the company to $74 million.
CPPIB commits $500m to India logistics joint venture
Canada Pension Plan Investment Board (CPPIB) has committed $500 million to IndoSpace Core, a joint venture focused on acquiring and developing logistics facilities in India.
Everstone, Mayfield, others part exit India's SLCM
Everstone Capital, Mayfield Advisors, Nexus Venture Partners and ICICI Bank have part exited their stakes in Indian agricultural logistics and financing firm Sohan Lal Commodity Management (SLCM).
Everstone invests $35m in India's OmniActive Health
The Everstone Group has committed $35 million to Indian nutraceuticals ingredient supplier OmniActive Health Technologies. It is the firm’s third pharmaceuticals investment in less than a year.
India's S Chand files for IPO, Everstone to part exit
Everstone Capital is set to make a partial exit from Indian educational publisher S Chand as the company filed for domestic IPO.
India fundraising: Bifurcation point
Only a handful of India-focused private equity firms have shown they are able to raise funds $500 million or more. With LPs still wavering on India, however, membership of this select group is not guaranteed
Everstone pays $33m for Indian drug firm
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
Everstone buys US-based CRM firm to support India expansion
Everstone Group has agreed to buy US-based customer relationship management (CRM) solutions provider CustomerContactChannels (C3) with a view to helping the company expand in India.
India NBFCs: Lending a hand
Momentum is building among India’s non-banking finance companies, and PE, government and regulators see promise in the power to reach untapped markets. Success will require the support of all three parties
Everstone set for part-exit in Hinduja Leyland Finance IPO
Everstone Capital is expected to sell up to 26.6 million shares in Hinduja Leyland Finance as part of the commercial vehicle financing company’s Indian IPO.
Ex-Advent executive Avnish Mehra joins Everstone
India-focused GP Everstone Capital has hired Avnish Mehra, former India country director at Advent International, as a managing director for its private equity business.
Deal focus: S Chand unlocks digital doors
IFC and Everstone support S Chand's plans to take India educational publishing firmly into the digital age
IFC, Everstone back India educational publisher
The International Finance Corporation (IFC) has led a funding round for Indian textbook publisher S Chand, with participation by existing investor Everstone Capital.
India carve-outs: A larger slice
Corporate carve-outs are on the rise in India as companies divest due to financial pressure or strategic rationale. To get these deals, PE firms must demonstrate operational capability and corporate sensitivity
India IT services: The digital divide
India’s IT services providers firms have moved beyond their humble beginnings to encompass a wide range of outsourced functions. Private equity backers will continue to be key to their evolution
Everstone pays $54m for controlling stake in India's SJS - update
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
Creation, Everstone lead $15m round for India's SLCM
Everstone Capital and Creation Investments Capital Management have led a INR1 billion ($15 million) round for Indian agricultural logistics firm Sohan Lal Commodity Management (SLCM).
Everstone-backed VLCC Health Care files for India IPO
VLCC, an Asian health and beauty brand backed by Everstone Capital, has filed for an IPO in India. The private equity firm will exit about 45% of its holding through the offering.
Everstone closes third India fund at $730m
Everstone Group has closed its third fund – which focuses on India as well as overseas businesses that benefit from rising Indian domestic consumption – above target at $730 million.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
IHH buys PE-backed Global Hospitals for $194m
IHH Healthcare has agreed to buy India's Ravindranath GE Medical (RGE), which operates five hospitals under the Global Hospitals brand, for INR12.8 billion ($194 million) in cash.
India QSR: Hungry for growth
India’s quick service restaurant (QSR) space is poised for massive growth, but translating that into private equity returns is a challenge. Logistics and real estate are the primary obstacles to achieving scale