Everstone Capital Asia

Last updated
Everstone Capital Asia
Company type Private company
Industry Private equity, Venture Capital
Founded2006
FoundersSameer Sain and Atul Kapur
Headquarters Singapore
Products Venture capital
AUM $7 Billion (2023)
Number of employees
 425 (2023) [1]
Website www.everstonecapital.com

Everstone Capital Asia is an Indian private equity firm established in 2006, currently headquartered in Singapore. Founded by co-founders Sameer Sain and Atul Kapur, Everstone operates globally, with offices based in London, New York City, Mauritius, and United Arab Emirates, in addition to India and Singapore. [2] [3]

Contents

History

The company's origin can be traced back to Future Capital, a financial services firm that was established by Sameer Sain in partnership with Future Group in 2006. [4] Sain took over Future Capital’s private equity business in 2009 and teamed up with Atul Kapur, a former Goldman Sachs colleague, 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, Mumbai, Bangalore, Delhi, and Mauritius. Surprisingly, they made the decision to close their London office in 2008 and relocated their headquarters to Asia. [6]

Investments

Portfolio companiesEntry YearInvestment in US$Exit
Burger King - India and Indonesia2014 [7] [8] $100 million (appox.)Part exit in 2020 (via IPO)
Calibre Chemicals2021 [9] $100 million (appox.)-
IndoSpace2017 [10] Not Publicly Available-
Mediamint2016 [11] $100 million (appox.) along with US-based Recognize-
Rubicon Research 2016 [12] $33 million2019
S. Chand Group 2012 [13] $38 million (for 35% stake)-
Sahyadri Hospitals 2019 [14] Not Publicly Available-
Servion Global Solutions2017 [15] [16] $70 million (initial investment of $66 million in 2014, follow on investment of $8million in 2017)-
Slayback Pharma2020 [17] $50 million (approx.)-
Subway (master franchise for India, Sri Lanka and Bangladesh)2021 [18] Not Publicly Available-
Sula Vineyards Not Publicly Available [19] Not Publicly Available10% Stake Sold in 2013

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References

  1. "Deal Book Edition III - Inclusive and Sustainable Growth" (PDF). globalprivatecapital.org. Retrieved 20 September 2023.
  2. Dealbook (2014-08-19). "Former Goldman Executive to Head Southeast Asia Private Equity Firm". The New York Times . Retrieved 2024-04-01.
  3. 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.
  4. Singh, Preeti (2023-11-10). "Everstone Plans to Raise $1 Billion for Its Largest Asia PE Fund". Bloomberg.com. Retrieved 2024-04-01.
  5. "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.
  6. 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)
  7. Bagri, Neha Thirani (2014-01-08). "A Growing Taste for U.S. Fast Food in India". The New York Times . Retrieved 2024-04-01.
  8. "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.
  9. Bureau, Our (2020-12-06). "Everstone to acquire controlling stake in Mumbai-based Calibre". Hindu Business Line . Retrieved 2024-04-01.
  10. Choudhary, Anuradha (2017-05-15). "Everstone Group, CPPIB set up logistics joint venture IndoSpace Core". mint . Retrieved 2024-04-01.
  11. Kumanath, K.V. (28 July 2023). "Everstone Capital, Recognize invests in MediaMint". Reuters . Retrieved 26 June 2024.
  12. M, Anuradha (25 October 2016). "Everstone buys 70% stake in drug delivery tech firm Rubicon Research". Livemint . Retrieved 26 June 2024.
  13. "Everstone Capital to invest $38 mln in publishing firm S Chand & Company". Reuters . 13 October 2012. Retrieved 1 April 2024.
  14. "Everstone to buy controlling stake in Sahyadri Hospitals". mint . 2019-04-07. Retrieved 2024-04-01.
  15. "Everstone Group increases investment in Servion Global". The Economic Times . 2017-05-25. ISSN   0013-0389 . Retrieved 2024-04-01.
  16. "PEs Everstone, Solmark buy controlling stake in Servion Global for ₹403 crore". Hindu Business Line . 2014-11-20. Retrieved 2024-04-01.
  17. "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.
  18. Bureau, Our (2021-11-02). "Subway inks master franchisee agreement with Everstone Group". Hindu Business Line . Retrieved 2024-04-01.
  19. 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.

Further reading