Veteran investor Avnish Mehra Joins Everstone Group

Mumbai, March 08, 2016 – The Everstone Group today announced the appointment of veteran investor Avnish Mehra as a Managing Director in its private equity business. In addition to investing in sectors such as Healthcare, Telecom and Media where Mehra has significant experience, he will also lead Everstone’s Special Situations vertical.

Prior to joining Everstone, Mehra has had over 18 years of work experience, the majority of which were spent investing in Asia and Europe with marquee global investment firms. Most recently, Mehra was a member of the team that established the India business for Advent International where he was involved in some notable transactions including investments in Care Hospitals, Crompton Greaves, CIBIL and CAMS. Mehra is an M.A. in Economics from Cambridge University (UK) and a B.A. in Economics from St. Stephen’s College, University of Delhi. He is also is a CFA Charter Holder from the CFA Institute (USA).

“Avnish brings a wealth of India and international investing experience. In addition, his strong background in both private debt and private equity will enhance our ability to do complex transactions,” said Sameer Sain, Co-Founder and Managing Partner of the Everstone Group.

“I am very excited to be a part of the Everstone platform and to contribute to its growth and success,” said Mehra. “Everstone has rapidly emerged as a leading investing business in the region with deep operating capabilities and an ability to build unique businesses.”

“I look forward to working closely with the Everstone team in India, as well as internationally,” added Mehra.

Most recently, Everstone bought Aon Hewitt’s payroll processing in Asia, as well as Modern Foods from Unilever.

About The 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 $3.3 billion. Headquartered in Singapore, Everstone has nearly 200 people working across five offices including Mumbai, Delhi, Bangalore, and Mauritius. Everstone has been awarded ‘Private Equity Firm of the Year in India’ by Private Equity International for five consecutive years.
For more information, visit www.everstonecapital.com

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S Chand raises US$ 27 million from IFC and The Everstone Group

New Delhi, November 24, 2015 – Indian education content provider, S Chand and Company Private Limited (S Chand) has raised US$ 27 million financing from IFC, a member of the World Bank Group, and existing investor, the Everstone Group. Everstone continues to be a significant minority investor in the Company.

The investment will be used to scale-up operations in education publishing and the digital education space which will enable S Chand to reach more students, in addition to creating skilled jobs.

“IFC’s investment, in addition to global expertise in the education industry, will be used to extend S Chand’s leadership position in the knowledge services business, support our pan India expansion strategy and augment textbooks with multimedia and digital delivery content,” said Mr. Himanshu Gupta, Joint Managing Director, S Chand. “We believe digital content has the potential to empower teachers and significantly increase attention and understanding of abstract concepts for students.”

IFC will provide equity capital to help the company expand into new sub-segments of education and establish itself as a leader in the non-infrastructure education sector.

Congratulating S Chand on this new partnership, Chris McCahan, Chief Investment Officer, IFC said, “the success of the overall education delivery system depends on the education material made available to students. S Chand is one of the few companies with the scale to increase access to affordable quality education material, particularly in tier II and tier III cities.

India is IFC’s top country exposure. IFC’s committed portfolio in India is over $5 billion as of June 30, 2015. In FY 15, IFC committed $1.4 billion in new investments. In addition to strengthening local capital markets in India, IFC is focused on boosting financing in infrastructure and logistics, promoting financial inclusion, and expanding access to high-quality and affordable services such as healthcare and education.

About S Chand Group
The S Chand Group, managed by Dinesh Jhunjhnuwala (Chairman) and Himanshu Gupta (Joint Managing Director), has grown to be one of the largest content and service providers in the Indian education sector, publishing around 35 million text books and delivering over 4,000 hours of e-content to 20 million students annually. The Company has been investing in the fast growing ed-tech space, with a presence in tablet-based content delivery, online tutoring, and online test preparation for government and PSU entrance examinations.
For more information, visit www.schandgroup.com

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private
sector in emerging markets. Working with more than 2,000 businesses worldwide, IFC uses its capital,
expertise, and influence, to create opportunity where it’s needed most. In FY15, IFC’s long-term investments
in developing countries rose to nearly $18 billion, helping the private sector play an essential role in the
global effort to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org

About The 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 $3.3 billion. Headquartered in Singapore, Everstone has nearly 200
people working across five offices including Mumbai, Delhi, Bangalore, and Mauritius. Everstone has been
awarded ‘Private Equity Firm of the Year in India’ by Private Equity International for four consecutive years.
For more information, visit www.everstonecapital.com

For inquiries please contact:
Tina Pawar, Head of Corporate Communications, Everstone | +9122 40436078 |
tpawar@everstonecapital.com

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Everstone closes its third private equity fund at $730 million

Mumbai, September 15, 2015 – The Everstone Group is pleased to announce the final close of Everstone Capital Partners III at $730 million. This fundraising comprises $700 million of LP capital from leading institutional investors, and an additional $30 million commitment from Everstone and its affiliates. Institutional demand significantly exceeded capacity, resulting in the fund closing at its hard cap.

Investors who had backed Everstone previously committed the majority of the capital, either maintaining or increasing their commitment sizes. A select number of new marquee LPs also joined. Over 50% of the capital came from North America, while Europe constituted approximately 37%. The investors are well diversified, and include significant public pension plans, insurance companies, endowments and select asset managers.

Sameer Sain, co-founder and co-Managing Partner of the Everstone Group, commented: “We are very grateful for the continued trust and support our investors have shown our institution. With multiple offices and a large talented and experienced team, we intend to continue with our proven strategy of building exceptional businesses in India and a few other select and targeted geographies.”

Campbell Lutyens acted as exclusive global placement agent and Akin Gump acted as lead counsel.

About The 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 $3.3 billion. Headquartered in Singapore, Everstone has nearly 200 people working across five offices including Mumbai, Delhi, Bangalore and Mauritius. Everstone has been awarded ‘Private Equity Firm of the Year in India’ by Private Equity International for four consecutive years.

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