Everstone Capital Asia
Singapore-based venture capital firm
From Wikipedia, the free encyclopedia
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]
Atul Kapur (Co-founder and CIO)
| |
| Type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Founders | Sameer Sain (Co-founder and CEO) Atul Kapur (Co-founder and CIO) |
| Headquarters | Singapore |
Area served | Worldwide |
Key people | Alok Oberoi (Executive Chairman) Sujoy Bose (CEO, Investment Management) Avnish Mehta (Vice Chairman, Private Equity) Amit Manocha (Group CFO and MD, Private Equity) Prashant Desai (Managing Director) |
| Products | Private equity |
| AUM | $3.1 Billion (2024) |
Number of employees | 425 (2023) [1] |
| Parent | Everstone Group |
| Website | www |
History
The origin of the company can be traced back to Future Capital, a financial services firm that was established by Sameer Sain and Atul Kapur in partnership with Future Group in 2005.[4] Sain and Kapur took over Future Capital's private equity business in 2006 to form Everstone Capital.[5]
At first, the company began its operations in London. Soon after, they rapidly expanded, establishing five additional offices in Singapore, India (Mumbai, Delhi, and Bangalore) and Mauritius. In 2008, it relocated their headquarters to Asia.[6]
In 2018, Everstone opened its office in New York.[7]
Business overview
In addition to operating in the private equity sector, the company has three other investment verticals;
- Real Estate & Infrastructure: Everstone partnered with the American real estate investment firm, Realterm Group to create IndoSpace Logistic Parks.[8] In 2017 and 2018 respectively, the Canada Pension Plan Investment Board[8][9] and Singapore-based GLP, partnered with IndoSpace to enter the Indian market.[10][11]
- Venture Capital: In 2013, the company formed DSG Consumer Partner, a joint venture with Deepak Shahdadpuri,[12] which invests in early-stage consumer businesses in India and Southeast Asia.[13]
Investments
| Portfolio companies | Entry Year | Investment in US$ | Exit |
|---|---|---|---|
| Acqueon | 2019[14] | Not Publicly Available | Part exit in 2022 (via stake sale) |
| Burger King - India and Indonesia | 2014[15][16] | $100 million (approx.) | Part exit in 2020 (via IPO) |
| Calibre Chemicals | 2021[17] | $100 million (approx.) | - |
| CPC Diagnostics | 2019[18] | Not Publicly Available | - |
| Everlife | 2019[19] | $500 million (approx.) | - |
| Mediamint | 2016[20] | $100 million (approx.) along with US-based Recognize | - |
| Modern Foods | 2016[21] | Not Publicly Available | 2021[22] |
| Omega Healthcare | 2019[23] | Not Publicly Available | 2025[24] |
| Rubicon Research | 2016[25] | $33 million | 2019 |
| S. Chand Group | 2012[26] | $38 million (for 35% stake) | - |
| Sahyadri Hospitals | 2019[27] | Not Publicly Available | - |
| Servion Global Solutions | 2017[28][29] | $70 million (initial investment of $66 million in 2014, follow on investment of $8million in 2017) | - |
| Slayback Pharma | 2020[30] | $50 million (approx.) | - |
| Softgel Healthcare | 2022[31] | $200 million (approx.) | - |
| Subway (master franchise for India, Sri Lanka and Bangladesh) | 2021[32] | Not Publicly Available | - |
| Sula Vineyards | Not Publicly Available[33] | Not Publicly Available | 10% Stake Sold in 2013 |
| Translumina Therapeutics | 2019[34] | $72 million (approx.) | - |
| QMetry | 2020[35] | Not Publicly Available | 2024 |
| Wingify | 2025[36] | $200 million (approx.) |
Environmental, social, and governance
Everstone Capital Asia incorporates environmental, social, and corporate governance considerations into its investment strategies. With Lightsource BP, in 2018 Everstone formed Eversource Capital.[37] The venture manages funds for decarbonization solutions in India, including renewable energy, distribution infrastructure, e-mobility and other green energy services.[38] Later in August 2021, it became a signatory of the Carbon Disclosure Project.[39]
