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)
Website www.everstonecapital.com

Everstone Capital Asia is a Singapore-based venture capital firm that specializes in seed stage, early stage, and growth stage investments in India and Southeast Asia, [1] focusing on private companies across retail, pharmaceutical, real estate and technology sectors. [2]

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. [3] 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. [4]

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. [5]

Investments

  1. Burger King - India [6] and Indonesia [7]
  2. Calibre Chemicals [8]
  3. IndoSpace [9]
  4. S. Chand Group [10]
  5. Sahyadri Hospitals [11]
  6. Servion Global Solutions [12] [13]
  7. Slayback Pharma [14]
  8. Subway India (master franchise) [15]
  9. Sula Vineyards [16]

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References

  1. Dealbook (2014-08-19). "Former Goldman Executive to Head Southeast Asia Private Equity Firm". The New York Times . Retrieved 2024-04-01.
  2. 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.
  3. Singh, Preeti (2023-11-10). "Everstone Plans to Raise $1 Billion for Its Largest Asia PE Fund". Bloomberg.com. Retrieved 2024-04-01.
  4. "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.
  5. 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)
  6. Bagri, Neha Thirani (2014-01-08). "A Growing Taste for U.S. Fast Food in India". The New York Times . Retrieved 2024-04-01.
  7. "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.
  8. Bureau, Our (2020-12-06). "Everstone to acquire controlling stake in Mumbai-based Calibre". Hindu Business Line . Retrieved 2024-04-01.
  9. Choudhary, Anuradha (2017-05-15). "Everstone Group, CPPIB set up logistics joint venture IndoSpace Core". mint . Retrieved 2024-04-01.
  10. "Everstone Capital to invest $38 mln in publishing firm S Chand & Company". Reuters . 13 October 2012. Retrieved 1 April 2024.
  11. "Everstone to buy controlling stake in Sahyadri Hospitals". mint . 2019-04-07. Retrieved 2024-04-01.
  12. "Everstone Group increases investment in Servion Global". The Economic Times . 2017-05-25. ISSN   0013-0389 . Retrieved 2024-04-01.
  13. "PEs Everstone, Solmark buy controlling stake in Servion Global for ₹403 crore". Hindu Business Line . 2014-11-20. Retrieved 2024-04-01.
  14. "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.
  15. Bureau, Our (2021-11-02). "Subway inks master franchisee agreement with Everstone Group". Hindu Business Line . Retrieved 2024-04-01.
  16. 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