Everstone Capital Asia
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Company type | Private company |
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Industry | Private equity, Venture Capital |
Founded | 2006 |
Founders | Sameer Sain and Atul Kapur |
Headquarters | Singapore |
Products | Venture capital |
AUM | $7 Billion (2023) |
Number of employees | 425 (2023) [1] |
Website | www |
Everstone Capital Asia (also known as Everstone), established in 2006, is a private equity firm founded by Sameer Sain and Atul Kapur. Headquartered in Singapore, it operates globally, maintaining offices not only in India and Singapore but also in London, New York City, Mauritius, and United Arab Emirates.[2][3]
History
[edit]The origin of the company can be traced back to Future Capital, a financial services firm that was established by Sameer Sain and Atul Kapur in partnership with Future Group in 2005.[4] Sain and Kapur took over Future Capital’s private equity business in 2006 to form Everstone Capital.[5]
At first, the company began its operations in London. Soon after, they rapidly expanded, establishing five additional offices in Singapore, India (Mumbai, Delhi, and Bangalore) and Mauritius. In 2008, it relocated their headquarters to Asia.[6]
In 2018, Everstone opened its office in New York.[7]
Investments
[edit]Portfolio companies | Entry Year | Investment in US$ | Exit |
---|---|---|---|
Burger King - India and Indonesia | 2014[8][9] | $100 million (appox.) | Part exit in 2020 (via IPO) |
Calibre Chemicals | 2021[10] | $100 million (appox.) | - |
Everlife | 2019[11] | $500 million (appox.) | - |
IndoSpace | 2017[12] | Not Publicly Available | - |
Mediamint | 2016[13] | $100 million (appox.) along with US-based Recognize | - |
Rubicon Research | 2016[14] | $33 million | 2019 |
S. Chand Group | 2012[15] | $38 million (for 35% stake) | - |
Sahyadri Hospitals | 2019[16] | Not Publicly Available | - |
Servion Global Solutions | 2017[17][18] | $70 million (initial investment of $66 million in 2014, follow on investment of $8million in 2017) | - |
Slayback Pharma | 2020[19] | $50 million (approx.) | - |
Subway (master franchise for India, Sri Lanka and Bangladesh) | 2021[20] | Not Publicly Available | - |
Sula Vineyards | Not Publicly Available[21] | Not Publicly Available | 10% Stake Sold in 2013 |
Translumina Therapeutics | 2019[22] | $72 million (approx.) | - |
References
[edit]- ^ "Deal Book Edition III - Inclusive and Sustainable Growth" (PDF). globalprivatecapital.org. Retrieved 20 September 2023.
- ^ Dealbook (2014-08-19). "Former Goldman Executive to Head Southeast Asia Private Equity Firm". The New York Times. Retrieved 2024-04-01.
- ^ Chatterjee, Paramita; Bhushan, Ratna (2012-11-13). "Everstone arm F&B Asia Ventures to acquire Singapore hotel chain Harry's Holdings". The Economic Times. ISSN 0013-0389. Retrieved 2024-04-01.
- ^ Singh, Preeti (2023-11-10). "Everstone Plans to Raise $1 Billion for Its Largest Asia PE Fund". Bloomberg.com. Retrieved 2024-04-01.
- ^ "Don't listen to what people say, merely observe what they do". The Times of India. 2012-01-07. ISSN 0971-8257. Retrieved 2024-04-01.
- ^ Dhanjal, Shrija Agrawal,Swaraj Singh (2016-10-17). "The building of Everstone Capital". mint. Retrieved 2024-04-01.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ Raghavan, Ranjani (13 June 2018). "Everstone Capital opens New York office, makes fresh hires for fundraising". VCCircle. Retrieved 6 August 2024.
- ^ Bagri, Neha Thirani (2014-01-08). "A Growing Taste for U.S. Fast Food in India". The New York Times. Retrieved 2024-04-01.
- ^ "エバーストーン、インドネシア社に出資". 日本経済新聞 (in Japanese). 2014-10-20. Retrieved 2024-04-01.
- ^ "Everstone to acquire controlling stake in Mumbai-based Calibre". Hindu Business Line. 2020-12-06. Retrieved 2024-04-01.
- ^ Venkat, P.R. (2024-05-13). "Singapore Private-Equity Firm Everstone Capital Mulls IPO For Everlife". Wall Street Journal. Retrieved 2024-08-02.
- ^ Choudhary, Anuradha (2017-05-15). "Everstone Group, CPPIB set up logistics joint venture IndoSpace Core". mint. Retrieved 2024-04-01.
- ^ Kumanath, K.V. (28 July 2023). "Everstone Capital, Recognize invests in MediaMint". Reuters. Retrieved 26 June 2024.
- ^ M, Anuradha (25 October 2016). "Everstone buys 70% stake in drug delivery tech firm Rubicon Research". Livemint. Retrieved 26 June 2024.
- ^ "Everstone Capital to invest $38 mln in publishing firm S Chand & Company". Reuters. 13 October 2012. Retrieved 1 April 2024.
- ^ "Everstone to buy controlling stake in Sahyadri Hospitals". mint. 2019-04-07. Retrieved 2024-04-01.
- ^ "Everstone Group increases investment in Servion Global". The Economic Times. 2017-05-25. ISSN 0013-0389. Retrieved 2024-04-01.
- ^ "PEs Everstone, Solmark buy controlling stake in Servion Global for ₹403 crore". Hindu Business Line. 2014-11-20. Retrieved 2024-04-01.
- ^ "Everstone Group to invest up to $50 million in Slayback Pharma LLC". The Times of India. 2020-01-07. ISSN 0971-8257. Retrieved 2024-04-01.
- ^ "Subway inks master franchisee agreement with Everstone Group". Hindu Business Line. 2021-11-02. Retrieved 2024-04-01.
- ^ Singh, Swati; Srivastava, Pallavi (2018). "Sula Wines: A Foray into Uncharted Territory". South Asian Journal of Business and Management Cases. 7 (1): 11–20. doi:10.1177/2277977917751501. ISSN 2277-9779.
- ^ Balakrishnan, Reghu (2019-08-27). "Everstone picks up minority stake in stent company Translumina". The Economic Times. Retrieved 2024-08-02.
Further reading
[edit]- Bajželj, Ana; Bothra, Shivani (2016). "The Rise of Non-Veg : Meat and Egg Consumption and Production in Contemporary India". In Donaldson, Brianne; Carter, Christopher (eds.). The Future of Meat Without Animals. Rowman & Littlefield. pp. 67–86. ISBN 9781783489077.
- Khudsiya, Zeeshan; Azar, Syed (2018). "Industry-Wise Investment Pattern of Select Private Equity Funds in India". The Journal of Private Equity. 22 (1). Euromonitor: 42–51 – via JSTOR.
- Zeeshan, Khudsiya; Azhar, Syed; Murthy, S. Sreenivasa (2019). "Profitability Analysis of Select Private Equity Funds in India". The Journal of Private Equity. 22 (3): 56–63. doi:10.3905/jpe.2019.22.3.056. JSTOR 26864421 – via JSTOR.
- Roman, Eduardo (2 August 2021). "Everstone Capital Asia | API Holdings". Global Private Capital Association. New York.
- Wu, Kane; Ngui, Yantoultra (30 October 2023). "Everstone hires BDA to sell $1 bln Singapore healthcare services firm Everlife - sources". Reuters. Retrieved 3 September 2024.
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