Everstone strengthens its leadership team

Singapore, July 30, 2018 – Sanjay Gujral re-joins the Everstone Group as Chief Operating Officer. He will be based in Singapore and will split his time between Singapore and India. Sanjay will work closely with Sameer Sain, Co-Founder and CEO of Everstone Group, and will take over the responsibilities from Sanjoy Chatterjee, who is relocating to New York to become the President of Americas and Global Head of Business Development for Everstone.

“We are delighted to welcome Sanjay back to his home at Everstone and I look forward to working with him very closely in the coming years,” said Sameer Sain, Co-Founder and CEO of the Everstone Group.

Sanjay was previously a part of the leadership team and investment committee at L Catterton Asia. He has over 20 years of experience in private equity, M&A and financial advisory. Prior to L Catterton, Sanjay was an Executive Director at Everstone Capital in India. He has also spent 11 years in corporate finance advisory at Arthur Andersen, Ernst & Young and Ambit Corporate Finance. An alumnus of Shri Ram College of Commerce, Delhi University, he completed his MBA from Indian Institute of Management Bangalore.

About Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of over US $4.5 billion. Everstone has over 260 people working across seven offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius, London and New York. The firm’s strong presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for two consecutive years in a row (2016 and 2017), as well as ‘Private Equity Firm of the Year in India’ for seven consecutive years from 2011 to 2017 by Private Equity International. For more information, visit www.everstonecapital.com.

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Everfoods signs definitive agreement to acquire Cookie Man, India’s #1 brand of fresh baked cookies

Mumbai, Monday, July 02, 2018 – Everfoods, packaged foods platform controlled by the Everstone Group, has entered into an agreement to acquire Cookie Man (Australian Foods India Private Limited), India’s #1 brand of fresh baked cookies, via its subsidiary Modern Food Enterprises Pvt. Ltd (MFEL). Anupam Saluja, CEO, Cookie Man, and the current leadership team, will continue to work with the Modern and Everstone leadership.

Chennai headquartered Cookie Man, is a manufacturer and retailer of Australian cookies and bakery products such as muffins, ice creams, brownies, chocolates. It currently has a network of 50 plus stores/kiosks in leading malls and airports present in over 20 cities across India. As a part of the acquisition, Everfoods also gets exclusive rights to own and operate the brand and other related intellectual property not only in India but also in adjoining countries of Sri Lanka, Nepal, Bangladesh and Mauritius.

Speaking on the acquisition, Deep Mishra, Managing Director, Everstone Group, who leads the investments and acquisition strategy for Everfoods said, “Cookies are the fastest growing segment in the biscuits category, and the segment is expected to continue to grow at double digit rate in the coming years. Cookie Man, with its premium and authentic cookies positioning and an extremely strong equity base is a good fit for Everfoods and especially Modern. This is the first of many acquisitions in core and adjacent spaces that we are evaluating and looking to close.”

Previously, Everstone Group via Everfoods, completed the acquisition of the iconic ‘Modern’ brand from Hindustan Unilever Limited (HUL) in 2016 and has also built a state of the art R&D facility in Chennai.

About Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of approximately US $4 billion. Everstone has over 250 people working across seven offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius, London and New York. The firm’s strong presence and network in India and Southeast Asia allows its existing
and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for two consecutive years in a row (2016 and 2017), as well as ‘Private Equity Firm of the Year in India’ for seven consecutive years from 2011 to 2017 by Private Equity International.
For more information, visit www.everstonecapital.com and follow us on Linked In at  LinkedIn

About Modern Food Enterprises Pvt. Ltd
Established in 1965 by the Government of India, Modern was the first branded bread in India. In the following decades, Modern became one of India’s best recognized brands with a full range of white, sweet, health and wellness breads, as well as value-added bakery products such as rusks, cakes, muffins, buns, pavs and cream rolls. Modern Food’s bread and bakery products are manufactured and marketed nationally through a network of over 40 manufacturing plants and more than 80,000 outlets. In its new avatar, Modern wants its customers to ‘Thrive, and savour life to the fullest’ by helping them make smarter choices from its expanded range of healthy, nutritious and tasty bread and bakery products. Visit www.modernfoods.co.in for more information.

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Everstone strengthens and re-aligns Business Development & Investor Relations functions

Mumbai, June 13, 2018 – Everstone Group, India and South East Asia’s leading private equity and real estate investor has strengthened and expanded its fund raising function globally with the opening of a New York office and Taylor Lawrence joining that office as Managing Director, Business Development for the Americas. Taylor joins Everstone after a successful career with Wellspring Partners, a leading US middle-market private equity firm where she headed Marketing and Investor Relations. Taylor previously worked at Park Hill’s private equity practice and at Citigroup’s investment banking division in New York.

Everstone has also hired Navneet Maheshwari as Executive Director, Business Development for Middle East and Asia-Pacific. Most recently, Navneet was a Director at bfinance, a leading global investment consultant based in London. Navneet previously worked at NASDAQ and Partners Group. Lina Xiao will work closely with Navneet out of the Singapore office. Lina came to Everstone from Credit Suisse International Wealth Management, where she worked in Singapore and Sydney. William Stadlen, previously based with Everstone in Mumbai has relocated to Everstone’s London office and will focus on Business Development in Europe.

Shelly Smith will continue to lead the Investor Relations function out of Singapore.

Taylor, Navneet, Lina, William and Shelly will all report to Sanjoy Chatterjee, who takes on the role of President of the Americas and Head of Business Development.

About Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of approximately US $4 billion. Everstone has over 250 people working across seven offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius, London and New York. The firm’s strong presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for two consecutive years in a row (2016 and 2017), as well as ‘Private Equity Firm of the Year in India’ for seven consecutive years from 2011 to 2017 by Private Equity International. For more information, visit www.everstonecapital.com

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Everstone Group and Lightsource BP form ‘EverSource Capital’ to invest in green infrastructure in India

Mumbai/Singapore, Wednesday, April 18, 2018
One of India’s leading private equity funds and a renewable energy industry leader has teamed up to create a major fund management platform for green energy infrastructure in India to be called EverSource Capital.

The Everstone Group, a premier India and Southeast Asia business group and multi asset investment firm, and Lightsource BP, a global market leader in renewable energy development, will work together as ‘EverSource Capital’ to jointly manage funds targeting contracted power, distribution infrastructure and energy services in India. The new JV will provide the funds with the financial and strategic resources of the partners aiming to create successful green energy businesses in partnership with local management teams.

The launch fund will be called the Green Growth Equity Fund (GGEF), which has a fundraising target of £500m. Today, the United Kingdom Government and the India’s National Investment and Infrastructure Fund (NIIF) have announced an agreement to become joint anchor investors in GGEF. The UK government and NIIF will each co-anchor GGEF, with a commitment of £120m each. UK and India contributions are investments that will generate returns for each country.

GGEF is set up as an Alternative Investment Fund (AIF) under India’s Security and Exchange Board of India (SEBI) Regulations, 2012. Further funds may be raised under the EverSource Capital platform in the future.

More details on EverSource Capital can be found at: https://www.eversourcecapital.com

Sameer Sain, Co-Founder and CEO, Everstone Group, said, “The joint initiative and commitment of India’s National Investment and Infrastructure Fund (NIIF) and the UK Government to invest in and develop green infrastructure in India is a unique and amazing investment opportunity. By using a pooled investment vehicle and a Public plus Private Partnership approach global investors will get the opportunity to be part of this exceptional investment platform. Everstone and Lightsource BP via their joint venture EverSource Capital are proud to have been selected as the Investment Manager for this fund, and will also be making a significant investment along with the UK government and NIIF.”

Nick Boyle, Group CEO, Lightsource BP, said, “India is one of the fastest and most dynamic markets for clean energy in the world. We know the market well through our renewable projects and we’re delighted to be teaming up with Everstone Group which complements our skill-set in the country.”

Dev Sanyal, CEO, BP Alternative Energy, said, “India’s demand for energy is growing rapidly with renewable energy playing an increasingly important role. BP is committed to advancing the energy transition and, through our shareholding in Lightsource BP, is expanding and deepening its relationship with India to deliver affordable, accessible and reliable low carbon solutions to customers”.

GGEF aims to raise funds from international institutional investors to invest into areas such as renewable energy, clean transportation, water and waste management, emerging technologies and sectors that feed into the above areas in India, which offer significant investment opportunities and potential for attractive returns.

About The Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of approximately USD $4 billion. Everstone has over 250 people working across six offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius and London. The firm’s strong presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for two consecutive years in a row from 2016 to 2017, as well as ‘Private Equity Firm of the Year in India’ by Private Equity International for seven consecutive years from 2011 to 2017. For more information, visit www.everstonecapital.com

About Lightsource BP
Lightsource BP is a global leader in the funding, development, acquisition and long-term management of solar PV projects. Established in 2010, Lightsource BP has swiftly become the largest utility scale solar developer and largest O&M services provider in Europe with over USD $3 billion of capital invested across ~2GW of solar projects globally. In late 2017, the company and BP announced that they had agreed to form a strategic partnership, where BP acquired a 43% equity share in the company and the company was rebranded as “Lightsource BP”. Through its integrated platform, structured finance, in-house engineering excellence and dedicated O&M division, Lightsource BP plays a pivotal role in driving the future global energy mix. The company also boasts some of the leading talent in the industry, with a team of over 300 specialists in seven offices across four continents. For more information, visit www.lightsourcebp.com

For more information:
Everstone Group
Kamil Zaheer
Executive Director, Corporate Communications
T: +91 98115 38880
kzaheer@everstonecapital.com

Lightsource BP
Simon Maine / Lee-Roy Chetty
Brunswick
T: +44 207 404 5959
lightsource@brunswickgroup.com

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Everstone named ‘Mid-Market Firm of the Year in Asia’ second year running and ‘Firm of the Year in India’ by Private Equity International

Mumbai, March 05, 2018 – The prestigious ‘Private Equity International’ (PEI) magazine has named the Everstone Group ‘Mid-Market Firm of the Year in Asia’ for 2017, the first India-focused fund to win the award for a second year in a row. It was also named ‘Firm of the Year in India’ for an unprecedented seventh year running.

The PEI Awards are the largest, most respected awards in the global private equity industry. With multiple categories for selection, voters have the chance to vote for categories across the Americas, EMEA (Europe, the Middle East and Africa) and Asia-Pacific.

Continuing to lead private equity investments in fast-growing consumer themes across India and Southeast Asia, Everstone acquired Malaysia-based Chemopharm Sdn Bhd, a leading Southeast Asian distributor of medical products and solutions, last year. The group also invested in OmniActive Health Technologies Ltd, a top supplier to global nutraceutical companies, in 2017 and provided additional investment to its portfolio companies, including Servion Global Solutions, a Customer Experience Management (CEM) solutions provider.

Everstone also strengthened its team by hiring Food and Beverage (F&B) industry veteran Ajay Kaul as Senior Director to support growth in the Quick Service Restaurant business of its food platform F&B Asia. The group also witnessed successful exits from S Chand & Co. and Faces in 2017, among others.

“With $4 billion of assets under management and teams in India, Singapore, London and Mauritius, the firm is one of the largest investment houses in the region. It’s also one of the top restaurateurs in India and South-East Asia,” said PEI in its Annual Review 2017.

Sameer Sain, Co-Founder and Managing Partner, Everstone Group, said: “This recognition is a testament to our belief in the true power of partnership. The awards are a credit to our employees for their dedication and professionalism. We would like to thank our investors and partners for their confidence and look forward to working with them in the years to come.”
The awards follow a rigorous nomination and global voting process that involves investors, peers and other PEI subscribers from the private equity industry.

About Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of approximately US $4 billion. Everstone has over 250 people working across six offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius and London. The firm’s strong presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for 2017 by Private Equity International.

For more information, visit www.everstonecapital.com

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Everstone invests in Chemopharm, a leading Southeast Asian distributor of medical products and solutions

Singapore, November 23, 2017 – The Everstone Group via its platform Everlife has acquired Malaysia-based Chemopharm Sdn Bhd., a leading provider of products and services’ solutions to laboratory, research and medical facilities in Southeast Asia. Singapore-based Cure Capital is a co-investor, along with Everstone.

Founded in 1976, Chemopharm Sdn Bhd. is headquartered in Malaysia with operations in Singapore, Thailand, Indonesia, Vietnam, and the Philippines. The company is a leading player in the Southeast Asia medical device/equipment market that is growing at around 10-15% annually. It represents more than 50 prestigious principals and caters to over 4,000 customers, including hospitals, laboratories and research facilities.

Everlife is also in multiple discussions with companies in areas such as lab and diagnostic equipment, patient monitoring, and critical care. The Everlife platform will be led by industry veterans, Troy Bailey and Dr. Amit Kakar. Bailey is a seasoned executive with over 20 years of experience in leading medical device businesses in Asia, including GE Healthcare. Dr. Kakar, a veteran in the industry for over three decades, has held leadership positions in GE Healthcare and Avenue Capital. The founder of Cure Capital, Dr. Arjun Oberoi, will sit on the Everlife board and work closely with its executive team.

The Founder & CEO of Chemopharm Sdn Bhd., C A Ooi, will continue in his existing role. The rest of Chemopharm’s leadership will also remain integral to the management team.

Amit Manocha, Everstone Group MD and Everlife board member, stated: “With the increasing priority given to compliances and best sales practices in the healthcare distribution value chain, there is a critical need for scaled distributors with strong capabilities, which can provide regional access to the fragmented markets of Southeast Asia. This is what Everlife will address.”

Commenting on the investment, Ooi said: “The team and I are excited about this partnership and the value of being part of the Everlife platform. We will work closely with Everlife’s leadership to expand the business regionally.”

Bailey, the new CEO of Everlife, said: “I recognise the tremendous value that Chemopharm and its executive team bring to Everlife in what will be an exciting journey of scaling the platform in existing and new geographies and into new product segments.”

The Everstone Group has significant experience in the healthcare sector. Similar to Everlife, Everstone has also invested in Ascent, the leading Indian pharma distribution platform, which has
scaled rapidly under Everstone’s ownership. Other Everstone investments in healthcare are Rubicon, a pioneering drug delivery technology company in India, as well as OmniActive, a major supplier of naturally sourced ingredients for eye health, weight management and heart health. In 2015 Everstone successfully exited Global Hospitals, a large multi-specialty tertiary hospital chain.

About Everstone Group
The Everstone Group is a premier India and Southeast Asia business group and multi asset investment firm with assets under management of approximately US $4 billion. Everstone has over
200 people working across six offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius and London. The firm’s strong presence and network in India and Southeast Asia allows its existing and new
portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for 2016 by Private Equity International.

For more information, visit www.everstonecapital.com
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About Chemopharm Sdn Bhd.
Chemopharm Sdn Bhd. is a leading Southeast Asian provider of products, solutions, and services for laboratory, analytical testing, life science and healthcare. This includes providing instruments, consumables and services for scientific research and academic segments, as well as for clinical, chemical & analytical, biotech, and pharma communities. Chemopharm also provides consulting, technical and application support as part of its comprehensive offerings.
For more information, visit http://www.chemopharm.com

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Everstone Group agrees to buy Kenstar

Mumbai, Monday, November 06, 2017 – The Everstone Group (Everstone) has agreed to buy “Kenstar”, India’s leading brand of coolers, air conditioners and home appliances. The proposed sale, subject to statutory approvals and specific clearances, includes the purchase and transfer of the “Kenstar” brand and businesses under the brand on a going concern basis including a state-of-the-art manufacturing facility, as well as assets from Century Appliances Ltd. (an associate of the Videocon Group).

The Parties will work together to close the deal in the near future.

Under the agreement, the existing management team at Kenstar, led by business head Rajiv Kenue, will continue to manage the business, and will be strengthened significantly by the operational capabilities, additional resources and financial investments of the Everstone Group. Operating as an independent company, the Kenstar business will be controlled by Everstone. As part of the planned deal, Everstone will also enter into a strategic alliance with Videocon group, among others, for manufacturing, cooperation on Kenstar brand, and developing new products.

Kenstar is a market leading brand of air coolers, with No. 1 or strong No. 2 positions in most regions in India and a National No. 2 share. Kenstar also has a significant and growing presence in air conditioners and a broad range of home appliances such as mixer grinders, juicer mixer grinders, food processors, electric kettles, oxy fryers, microwave ovens, water heaters, and smart ceiling fans.

The Everstone Group currently spans a portfolio of over 30 companies, with a combined turnover of over Rs. 12,000 crores and a total workforce of around 1,00,000. It has a track record of building businesses from scratch such as Burger King India (chain of fast food eateries); IndoStar Capital Finance, a leading NBFC; and rapidly growing businesses such as publisher S. Chand Group (recently listed on the stock exchange after over four years of acquisition-led growth). The agreement to buy Kenstar follows Everstone’s acquisition of HUL’s bread and bakery division under the brand Modern in April 2016. Powered by Everstone’s financial investments and operating expertise, the Modern business has been completely revamped. In less than 18 months, Modern Foods has grown rapidly as an independent company, with a comprehensively renovated brand, rapidly expanding distribution, and innovative new products.

Speaking on the proposed Kenstar deal, Avnish Mehra, Managing Director, Everstone Group, said, “Kenstar is a marquee household appliances brand with a strong recall. Everstone looks forward to significantly invest in the Kenstar brand and leverage our operating expertise to unlock its true potential by strengthening the
dealer network, supporting product innovation, and investing in brand building.”

Anirudh Dhoot, Director, Century Appliances Ltd., welcomed the agreement and said: “We believe Everstone is the perfect partner for Kenstar with the right mix of financial resources and operating expertise to rapidly grow the latent potential of the Kenstar business. We look forward to collaborating with Everstone and Kenstar teams in growing the business in the years to come.”

About The Everstone Group
The Everstone Group is a premier India and Southeast Asia focused business group and multi asset manager with assets under management of approximately US $4 billion. Everstone has presence across six offices— Singapore, Mumbai, Delhi, Bengaluru, Mauritius, and London. The firm’s strong presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for 2016, by Private Equity International. The Everstone Group follows an active and operational investing style and has a history of building large-scale businesses. The group has stakes in several businesses in consumer categories including, but not limited to, Modern Foods, Ritu Kumar, S Chand Group, Ozone, Burger King India, Burger King Indonesia, Domino’s Indonesia, and several marquee restaurant brands. Everstone also has a fully integrated real estate development platform and is India’s largest developer of industrial real estate through IndoSpace.
For more information, visit www.everstonecapital.com
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About Kenstar
Launched in 1996 with the promise of bringing “the way the world lives” into India, Kenstar is one of the leading household brands focused on climate control categories such as Air Coolers, Air Conditioners, smart ceiling fans, and a vibrant range of home appliances, including Mixer Grinders, Juicer Mixer Grinders, Food Processors, Hand Blenders, Juicers, Electric Kettles, Oxy Fryer, Pop-Up Toasters, Microwave Ovens, Induction Cooktops, Water Heaters, Irons and Smart Ceiling Fans. Distributed nationally at over 15,000 points of sale, with 1000+ trade partners, Kenstar is a No. 2 brand nationally in Air Coolers, with a No. 1 or strong No. 2 position in all regions other than North India.

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M&A: Avoiding cheap leverage trap while executing cross-border transactions

Dhanpal Jhaveri, Managing Partner, Everstone Private Equity, shares his views on “Planning, Negotiating, and Executing Cross-border Transactions” at the Mint Dealmakers Forum 2017, held on 22nd September, 2017

Read more at:  http://www.livemint.com/Compani​es/N4vjerajodTP2​ljxrz4lkL/MA-Avoiding-cheap​-leverage-trap-while-​executing-crossbord.html

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‘Everstone is bullish on platform deals’

In an exclusive interview with The Hindu Business Line, Dhanpal Jhaveri, Managing Partner, Everstone Private Equity, talks about the overall PE scenario in India and shares his perspective about the firm’s possible investment and exit plans for the year.

Read more at: http://www.thehindubusinessline.com/companies/everstone-is-bullish-on-platform-deals/article9857889.ece

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Food industry veteran Ajay Kaul joins Everstone Group as Senior Director to drive QSR growth for food platform F&B Asia

Singapore, Aug 22, 2017 – Food and beverage (F&B) industry veteran Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant (QSR) business of its food platform F&B Asia.

The former CEO of Jubilant FoodWorks Ltd., which includes brands such as Domino’s Pizza India and Dunkin’ Donuts India, will also serve as Executive Chairman on the boards of F&B Asia’s investments in Indonesia: Domino’s and Burger King.

Ajay, who has spent more than a decade in the F&B industry, took Domino’s in India to become the largest market for Domino’s outside of the US. It is the largest QSR brand in India for the past few years. Ajay has nearly 28 years of overall work experience, including at American Express and TNT India and Indonesia where he had sales and marketing, as well as business leadership, roles.

At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia). Also under the platform’s umbrella are brands such as Masala Library, Farzi Café, Pa Pa Ya, Masala Bar, Harry’s, Pind Balluchi, and Duck & Rice.

“We are thrilled to welcome Ajay to the Everstone Group and the F&B Asia family where his wide experience and success in the food sector will be greatly beneficial as we target higher and sustained growth in our QSR businesses in Indonesia—Burger King as well as the Domino’s brand,” said Philip Walters, Executive Chairman, F&B Asia.

F&B Asia is an investment vehicle owned and managed by Everstone that was created to build a Pan-Asian Food and Beverage Services (“F&B”) platform across multiple formats and cuisines. On the QSR front, the platform company plans to grow Domino’s Indonesia, as well as Burger King Indonesia and India, by 30 to 50 stores each annually. Currently, Burger King Indonesia has over 70 stores while Domino’s Indonesia has more than 130.

“I really look forward to working with my colleagues at Everstone and F&B Asia at a time where favourable
demographics, rising incomes and increasing interest in eating out in Indonesia make for an exciting journey
of growth and innovation for top QSR brands,” Kaul said.

An alumnus of IIT-Delhi, Kaul completed his MBA from XLRI Jamshedpur.

About F&B Asia Ventures
F&B Asia Ventures is an investment holding company which is a pan-Asian food and beverage platform with
assets across multiple cuisines, geographies and formats. The company is focused on expansion of brands via
organic and inorganic routes, opportunistically evaluating synergetic bolt-on acquisitions and working on the
franchise model for franchising brands in other South-East Asian countries. F&B Asia brands include Harry’s,
Domino’s, Burger King, Pind Balluchi and Duck & Rice.

For more information, visit www.fb-asia.com

About Everstone Group
The Everstone Group is a premier India and Southeast Asia focused private equity and real estate investment
firm with assets under management of approximately US $4 billion. Everstone has around 200 people
working across six offices—Singapore, Mumbai, Delhi, Bengaluru, Mauritius and London. The firm’s strong
presence and network in India and Southeast Asia allows its existing and new portfolio businesses to build
operations in the region and beyond. Everstone has been awarded ‘Mid-Market Firm of the Year in Asia’ for
2016, as well as ‘Private Equity Firm of the Year in India’ by Private Equity International for six consecutive
years from 2011 to 2016.

For more information, visit www.everstonecapital.com

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