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Everstone Capital Asia

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Everstone Capital Asia
Company typePrivate company
IndustryPrivate equity, Venture Capital
Founded2006
FoundersSameer Sain and Atul Kapur
HeadquartersSingapore
ProductsVenture capital
AUM$7 Billion (2023)
Number of employees
 425 (2023) [1]
Websitewww.everstonecapital.com

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

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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

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Portfolio companies Entry Year Investment in US$ Exit
Acqueon 2019[8] Not Publicly Available Part exit in 2022 (via stake sale)
Burger King - India and Indonesia 2014[9][10] $100 million (appox.) Part exit in 2020 (via IPO)
Calibre Chemicals 2021[11] $100 million (appox.) -
Everlife 2019[12] $500 million (appox.) -
IndoSpace 2017[13] Not Publicly Available -
Mediamint 2016[14] $100 million (appox.) along with US-based Recognize -
Rubicon Research 2016[15] $33 million 2019
S. Chand Group 2012[16] $38 million (for 35% stake) -
Sahyadri Hospitals 2019[17] Not Publicly Available -
Servion Global Solutions 2017[18][19] $70 million (initial investment of $66 million in 2014, follow on investment of $8million in 2017) -
Slayback Pharma 2020[20] $50 million (approx.) -
Softgel Healthcare 2022[21] $200 million (approx.) -
Subway (master franchise for India, Sri Lanka and Bangladesh) 2021[22] Not Publicly Available -
Sula Vineyards Not Publicly Available[23] Not Publicly Available 10% Stake Sold in 2013
Translumina Therapeutics 2019[24] $72 million (approx.) -

Awards and recognition

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  • Fundraising of the Year, 2011 at India Awards by Mergermarket.[25]
  • Mid-Market Firm of the Year in Asia 2016, 2017 and 2019 by Private Equity International.[26]
  • Firm of the Year in India by Private Equity International from 2011 to 2017 and 2019.[26]
  • Indian Fund Manager of the Year at VCCircle Awards 2020.[26]
  • Firm of The Year in India by Private Equity International for the year 2022.[27]
  • Mid Market Firm of The Year in Asia’ by Private Equity International for the year 2022.[27]

References

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  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. ^ Raghavan, Ranjani (13 June 2018). "Everstone Capital opens New York office, makes fresh hires for fundraising". VCCircle. Retrieved 6 August 2024.
  8. ^ Roy, Debjyoti (2022-10-26). "Everstone Capital logs out partially from IT services firm Acqueon". Mint (newspaper). Retrieved 2024-10-01.
  9. ^ Bagri, Neha Thirani (2014-01-08). "A Growing Taste for U.S. Fast Food in India". The New York Times. Retrieved 2024-04-01.
  10. ^ "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.
  11. ^ "Everstone to acquire controlling stake in Mumbai-based Calibre". Hindu Business Line. 2020-12-06. Retrieved 2024-04-01.
  12. ^ Venkat, P.R. (2024-05-13). "Singapore Private-Equity Firm Everstone Capital Mulls IPO For Everlife". Wall Street Journal. Retrieved 2024-08-02.
  13. ^ Choudhary, Anuradha (2017-05-15). "Everstone Group, CPPIB set up logistics joint venture IndoSpace Core". mint. Retrieved 2024-04-01.
  14. ^ Kumanath, K.V. (28 July 2023). "Everstone Capital, Recognize invests in MediaMint". Reuters. Retrieved 26 June 2024.
  15. ^ M, Anuradha (25 October 2016). "Everstone buys 70% stake in drug delivery tech firm Rubicon Research". Livemint. Retrieved 26 June 2024.
  16. ^ "Everstone Capital to invest $38 mln in publishing firm S Chand & Company". Reuters. 13 October 2012. Retrieved 1 April 2024.
  17. ^ "Everstone to buy controlling stake in Sahyadri Hospitals". mint. 2019-04-07. Retrieved 2024-04-01.
  18. ^ "Everstone Group increases investment in Servion Global". The Economic Times. 2017-05-25. ISSN 0013-0389. Retrieved 2024-04-01.
  19. ^ "PEs Everstone, Solmark buy controlling stake in Servion Global for ₹403 crore". Hindu Business Line. 2014-11-20. Retrieved 2024-04-01.
  20. ^ "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.
  21. ^ Suvarna, Anuj (2022-09-14). "Everstone Capital acquires controlling stake in Softgel Healthcare". Mint (newspaper). Retrieved 2024-10-01.
  22. ^ "Subway inks master franchisee agreement with Everstone Group". Hindu Business Line. 2021-11-02. Retrieved 2024-04-01.
  23. ^ 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.
  24. ^ Balakrishnan, Reghu (2019-08-27). "Everstone picks up minority stake in stent company Translumina". The Economic Times. Retrieved 2024-08-02.
  25. ^ "India Awards: Fundraising of the Year – Everstone Capital | AVCJ". AVCJ by Mergermarket. 2011-12-21. Retrieved 2024-10-01.{{cite web}}: CS1 maint: url-status (link)
  26. ^ a b c "Everstone Group Wins Four Back-to-back Prestigious Awards". The Times of India. 2020-03-03. ISSN 0971-8257. Retrieved 2024-10-01.
  27. ^ a b Staff, P. E. I. (2023-03-01). "PEI Awards 2022: Asia". Private Equity International. Retrieved 2024-10-01.


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