Everstone Group

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.

Everstone Group
(Everstone Capital)
TypePrivate
IndustryAlternative Investment
Founded2006 (2006)
FoundersSameer Sain, Atul Kapur
HeadquartersSingapore
Area served
Singapore, and India
AUMUS$ 5 billion[1]
Websitewww.everstonecapital.com

History

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
  • 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

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

References
  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.
  4. "Everstone Capital Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Retrieved 2021-03-13.
  5. 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.
  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.{{cite news}}: CS1 maint: others (link)
  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.{{cite web}}: CS1 maint: url-status (link)
  22. "India: Everstone to buy controlling stake in specialty ingredients maker Calibre". DealStreetAsia. Retrieved 2021-03-13.
  23. 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. "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.


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