QMetry Inc., a Leading Continuous Testing Platform Company, Announces Investment From Goldman Sachs Merchant Banking Division and Everstone Group

SANTA CLARA, Calif, 27 August 2020, QMetry Inc., a leading QA products company offering continuous testing platform, has signed a definitive agreement to raise series A funding through significant stake sale to Goldman Sachs Merchant Banking Division and one of Asia’s premier investment firms Everstone Group. QMetry will utilize this opportunity to expand its sales, marketing, customer support and product development efforts. The company can also leverage the investor firms’ relationships, and capabilities of their domain specific operating partners to further expand globally.

Manish Mathuria, Founder of QMetry, shared, “We are delighted. This is an important milestone for QMetry. With Goldman Sachs and Everstone Group as our valued partners, we are well-poised to fuel our market expansion and build products that delight our customers.” He added, “our continuous testing platform is already enabling quality outcomes for 1000+ customers across verticals like banking, financial services, healthcare services, technology, retail and media with some of the major brands as our customers.”

The market for software testing as per recent estimates is $34 billion according to Nelson Hall. DevOps adoption is on the rise with Gartner and Forrester reporting that transforming testing is a primary factor for DevOps success. QMetry’s continuous testing platform includes QMetry Test Management, QMetry Automation Studio and QMetry Test Management for Jira (a Jira App in Atlassian Marketplace) with focus on Test Management, Test Automation and Quality Analytics.

“QMetry has carved out a niche in the software quality tools marketplace through its innovative products and go-to-market strategies,” said Harsh Nanda, a Managing Director in the Goldman Sachs Merchant Banking Division. “QMetry’s strong brand presence coupled with innovation will help its growing customer base to improve customer experience of their digital offerings.”

Avnish Mehra, Senior Managing Director at Everstone Group said, “QMetry is on the path to become a leader in the continuous testing tools’ ecosystem with its leading
continuous testing platform designed for Agile & DevOps teams and its drive to harness AI/ML to deliver better quality faster.”

About Goldman Sachs Merchant Banking Division

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm’s long-term principal investing activity. MBD is one of the leading private capital investors in the world with investments across private equity, infrastructure, private debt, growth equity and real estate.

About Everstone Group

Everstone is one of Asia’s premier investment groups focused on cross border North America – Asia investments as well as domestic investments in India and Southeast Asia. The group has assets more than US$5 billion across private equity, real estate, infrastructure, and venture capital. Everstone has a significant resource base across its offices in New York, India, Singapore, London, and Mauritius, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com

About QMetry

QMetry provides a combination of tools, methodologies, frameworks, and best practices enabling agile teams to build, manage and deploy high quality software faster and with confidence. QMetry’s tools are designed to help QA and DevOps teams manage their quality cycle more efficiently, increase levels of automation, gain actionable insights from analytics, and optimize their use of other leading tools and platforms in the DevOps ecosystem. Consistently rated as one of the top tools for test management, test automation and reporting, QMetry is trusted by over 1000+ customers globally across Finance, Healthcare, Travel, Hospitality, Retail and more. To know more about QMetry, visit www.qmetry.com

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Infostretch Announces Private Equity Investment from Goldman Sachs Merchant Banking Division and Everstone Group

SANTA CLARA, Calif. – August 18, 2020Infostretch, a leader in digital engineering services, today announced that Goldman Sachs Merchant Banking Division (Goldman Sachs) and Everstone Group (Everstone) have signed a definitive agreement to acquire a significant stake in the company. The investment will help accelerate the company’s business growth and expand its digital engineering service offerings for both enterprise and digital native companies. Financial terms related to the announcement were not disclosed.

“We’re very pleased to partner with Goldman Sachs and Everstone Group to continue our aggressive growth and expansion,” said Rutesh Shah, CEO and co-founder of Infostretch. “The expertise and reputation we have built over the last fifteen years has put us in the position to advance the digital initiatives of some of the world’s leading companies and brands. This investment will enable us to build on those strengths and take advantage of the growing need for more innovative digital solutions in verticals like healthcare, financial services and technology.”

Demand for digital product engineering services has grown rapidly. According to research firm IDC, Global spending on Digital Transformation Technologies and services is forecasted to grow 10.4% in 2020 to $1.3 trillion.

According to research firm Zinnov, the digital engineering services market is expected to reach $687 billion by 2023, a five-year CAGR of 18%. This growth has been fueled by businesses looking for new ways to differentiate products and services, engage with customers in new ways, and streamline operations.

Infostretch has made its mark by helping both enterprises and digital startups accelerate their digital initiatives from strategy and planning through to execution, and its growth has outpaced the growth of the digital engineering service sector as a whole. The company works across the entire software development lifecycle, from strategy through execution and operations, helping companies overcome the biggest technical obstacles in their digital efforts. Its team of 1,200+ global engineers offers core capabilities in cloud, data, IoT, mobile and UI/UX, leveraging data and analytics in every engagement to speed cycle time, increase efficiency, and reduce risk. With Goldman Sachs and Everstone Group on board, the company can leverage the firms’ relationships, capabilities of their domain specific operating partners and their merger & acquisition (M&A) experience, as it looks to continue to grow the business and expand its portfolio of solutions globally. With regards to the M&A, Infostrech plans to be active to strengthen its capabilities in the digital stack.

“We saw an opportunity to invest in a company that has demonstrated an ability to help organizations clearly distinguish themselves via the latest digital technologies,” said Harsh Nanda, a Managing Director in the Goldman Sachs Merchant Banking Division. “Infostretch has built an impressive brand and list of loyal clients in healthcare, financial services and high tech. Their global presence and ability to apply the latest capabilities in areas like AI and analytics with best practices in Agile and DevOps set them apart in the digital engineering space.”

“Digital will be the core differentiator for businesses of all sizes in almost every segment over the next five to ten years,” said Avnish Mehra, Senior Managing Director at Everstone Group. “With its expertise in emerging technologies and the ability to incorporate intelligent automation across the development lifecycle, we think Infostretch is well positioned to be one of the premier digital engineering service providers in the market.”

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About Goldman Sachs Merchant Banking Division
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm’s long-term principal investing activity. MBD is one of the leading private capital investors in the world with investments across private equity, infrastructure, private debt, growth equity and real estate.
About Everstone Group Everstone is one of Asia’s premier investment groups focused on cross border North America -Asia investments as well as domestic investments in India and South East Asia. The group has assets in excess of US$5 billion across private equity, real estate, infrastructure and venture capital. Everstone has a significant resource base across its offices in New York, India, Singapore, London and Mauritius, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com

About Infostretch
Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. We leverage deep technical expertise, Agile methodologies and data-driven intelligence to modernize systems of engagement and simplify human/tech interaction. We deliver custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Infostretch works with both large market-leading enterprises and emerging innovators — putting the company’s expertise to work in order to enable new products and business models, engage with customers
and partners in new ways, while creating sustainable competitive differentiation. For more information, visit https://www.infostretch.com/.

PR Contacts
Edward J. Bride
Edward.bride@infostretch.com
413-442-7718

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bp to invest US$ 70 million in Green Growth Equity Fund (GGEF)

bp to invest US$ 70 million in Green Growth Equity Fund (GGEF)

Mumbai, Tuesday, July 07, 2020: EverSource Capital, the fund manager of Green Growth Equity fund (GGEF/Fund) has today announced an investment of US $70 million by bp, one of the leading energy majors in the world, in GGEF. bp will be a Limited Partner in GGEF and also have representation on its advisory board.

This investment will aid GGEF in rapidly scaling up no carbon and low carbon solutions that are commercially viable, which will help India achieve its climate goals. It also provides a platform for bp to co-invest in a variety of green projects in India alongside GGEF.

Established in 2018, EverSource Capital is the fund manager of GGEF, a target US$ 700 million green infrastructure fund with anchor investments of over US$ 340 million from India’s National Investment and Infrastructure Fund (NIIF) and the Department for International Development (DFID), Government of UK.

On the investment by bp, Dhanpal Jhaveri, CEO, EverSource Capital and Vice Chairman, Everstone Group, said “ Eversource is committed to investing in India’s rapidly scaling green sector and providing renewable energy solutions in the country. As we work towards accomplishing the climate goals and the ambitious renewable energy targets set by the Government of India, bp’s global expertise in the low carbon and zero carbon energy value chain will be an added benefit towards realizing those goals. bp, a global energy major, investing in GGEF is an endorsement of the work done by the Eversource team.”

Dev Sanyal, bp Group’s Executive Vice President for Gas and Low Carbon Energy said, “India is committed to the energy transition and pursuing a range of low carbon options for the future. bp is equally committed to reimagining energy in India. Our investment in GGEF is aligned with our strategy of investing in integrated low carbon energy using innovative partnerships and business models. It provides a unique platform for bp to accelerate its ambition in India and to co-invest in a variety of zero and low carbon energy solutions in the country.”

Sashi Mukundan, President, bp India and Senior Vice President, bp Group commented “Our investment in GGEF will aim to rapidly scale-up commercially viable low carbon solutions. The portfolio and scale of investments made by GGEF – be it in solar power, mobility solutions or sustainable infrastructure management – is extraordinary. Each one of these will help India achieve its climate goals.”

EverSource has a long-term objective of becoming a leader in green infrastructure and climate change investing in India. Commenting on the announcement, representatives of the two anchor investors added:
“Today’s announcement underlines the importance of private investment in catalysing green growth. I’m delighted that green infrastructure projects in India will now be backed by British industry on top of the anchor investment provided by the British government. This demonstrates our commitment to supporting the clean energy transition and reinforces the shared ambition of the UK and India to build a greener future as we recover from Covid-19 ”, said Sir Philip Barton KCMG OBE, British High Commissioner Designate to India.

“bp’s investment into GGEF is a confirmation of the solid foundation that the EverSource team has built over the last two years and of the opportunity that India provides as bp implements its carbon neutral strategy. NIIF is pleased to see another example of how well its approach of anchoring technically-capable and well-governed platforms and funds fits with the India investment strategies of top global companies and investors. GGEF will play an important role in India, as investors seek to invest at scale into one of the largest and most attractive clean energy markets in the world.” said Sujoy Bose, Managing Director & CEO, National Investment and Infrastructure Fund (NIIF).

The Fund’s focus is on decarbonization of energy and resource efficiency across target sectors. GGEF invests in scalable operating companies and platforms spanning renewable energy, energy efficiency, energy storage, e-mobility, resource conservation and associated value chains.

About EverSource Capital:

EverSource Capital brings together India’s leading private equity investor and Europe’s leading renewables developer for a unique and complementary partnership. It is a 50:50 joint venture between Everstone Group, a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital; and Lightsource bp, a global leader in development and management of solar energy projects.

EverSource is the fund manager of the Green Growth Equity Fund (GGEF or the Fund), established with anchor investment from India’s National Investment and Infrastructure Fund (NIIF) and the Department for International Development (DFID), Government of UK. EverSource Capital provides global investors an opportunity to invest in the Indian green infrastructure, alongside a global industrial leader and established regional fund manager.

The Fund’s investment portfolio spans across sectors: The first investment is a utility scale renewable energy (RE) platform with a target of 6 GW in five years, called Ayana Renewable Power. Ayana’s vision is to emerge as a low-cost RE provider firm. Radiance Renewables is the second investment of GGEF, which is a distributed RE platform focused on developing, owning and operating assets for residential, commercial and industrial customers. Radiance has a target of having an operating portfolio of 1.5 GW in four years.

The third investment of the Fund is an e-mobility focused platform called GreenCell mobility, which aims to become the largest pan-India e-MaaS (e-mobility as a service) company in India, by leveraging proven global experience, developments in e-mobility technology and Government of India’s strong push for electrification of transportation in India. EverEnviro is the fourth investment of GGEF, which is envisioned create India’s leading integrated waste management platform handling over 20,000 TPD of MSW and industrial waste.

To know more, visit www.eversourcecapital.com and follow us on LinkedIn

About bp in India:

With its many investments in India and employing around 7,500 people in the oil, gas, lubricants and petrochemicals businesses, bp is one of the largest international energy companies in India. In addition to its gas value chain, retail, aviation fuels and mobility solutions alliance with Reliance Industries Ltd, bp’s activities include Castrol lubricants; oil and gas trading; clean energy projects through investment in Lightsource bp, a 50:50 joint venture between Lightsource and bp; IT back office activities; a new global business services centre; staffing and training for bp’s global marine fleet; and the recruitment of skilled Indian employees for its global businesses. India Gas Solutions Private Limited, a 50:50 joint venture to source and market gas in India, is also part of bp’s value chain alliance with RIL.

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Slayback Pharma announces investment of $50 million by The Everstone Group

Mumbai/New Jersey/Singapore, January 06, 2020 – Slayback Pharma LLC (“Slayback”) today announced an agreement with The Everstone Group (“Everstone”) to invest up to US$50 million in Series B funding. The new capital will be used to expand and accelerate further Slayback’s already rich and differentiated pipeline of complex generic and specialty pharmaceutical products. In addition to the investment, Everstone Managing Directors Arjun Oberoi and Puncham Mukim will join Slayback’s Board of Directors. Everstone joins existing institutional investor KKR, who first invested in Slayback with a US$60 million commitment in December 2016.

Ajay Singh, Founder & CEO of Slayback, said: “We are delighted to partner with Everstone in our quest for smart solutions to complex pharmaceutical challenges. Their experience in investing in and building pharmaceutical businesses with a focus on regulated markets will help turbo-charge our growth pipeline of complex and specialty products. We are especially thrilled to welcome Arjun and Puncham to our board.”

Sameer Sain, Co-Founder & CEO of Everstone, said: “Slayback’s expertise in complex generics fits well with our healthcare investment strategy. Slayback joins our list of notable healthcare investments, and we are optimistic about the commercial potential of Slayback’s highly differentiated pipeline of complex generics developed by its strong R&D team in India. We are excited to become a part of Slayback as it is poised for its next wave of growth.”

Ali Satvat, Co-Head of KKR’s Health Care investment team and member of Slayback’s Board of Directors, said: “Since our initial investment in Slayback, the growth that the Company has achieved in its portfolio and pipeline has been rather remarkable. As we look ahead to the next chapter of Slayback’s growth, we are delighted to be working with Everstone to help scale the Company and its differentiated products even further.”

About Slayback
Slayback is a New Jersey-based company focused on complex generic and specialty pharmaceutical products with a team of 85 employees and operations in the U.S., India and Europe. Since its inception in 2011, Slayback has demonstrated a spectacular track record of numerous sole first-to-file ANDAs, 505(b)(2)s and complex generic filings, approvals and launches. In the past year, Slayback’s ANDA for Hydroxyprogesterone 5 ml vial was the first generic ANDA to be approved and launched in the U.S., and Slayback continues to hold the largest market share. Previously, Slayback has shown its excellent execution skills through the approval and launch of numerous difficult products such as Propofol Injectable Emulsion.

About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), Mauritius, London and New York, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com
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The Everstone Group Names Alok Oberoi as Executive Chairman

Mumbai/Singapore, November 27, 2019 – The Everstone Group, India and South East Asia’s premier Private Equity and Real Estate investor, has named Alok Oberoi as Executive Chairman effective January 1, 2020.

Alok spent over 14 years at Goldman Sachs where he was named as a General Partner in 1996. Amongst many businesses, Alok led Goldman Sachs’ Wealth Management business in Asia and subsequently also ran it Internationally. Post Goldman Sachs, Alok was the Co-Founder and Chairman of ACPI, a multi-family office and wealth management business based in London which he has since exited. Alok has also been a shareholder of Everstone since its inception and has served as a Director as well as an active member of its various Investment Committees. Alok has a Master’s degree in Business Administration as well as a Bachelor’s degree from Cornell University.

In his new role as Executive Chairman, Alok will work very closely with Sameer Sain, Co-Founder & CEO of The Everstone Group. He will drive the Group’s overall strategy and governance as well as bring his vast network and investment experience to bear on investments and exits across asset classes and geographies. He will continue to serve on the investment committees and in order to fulfil his new role and responsibilities, he will also relocate to Singapore.

Commenting on the appointment, Sameer Sain, Co-Founder & CEO, The Everstone Group said: “On behalf of my Co-Founder Atul Kapur and the partners of Everstone, I am delighted that Alok is transitioning from a non-executive to a full-time executive and leadership role. I have had the privilege of knowing him and working with him at Goldman Sachs as well as Everstone for over 25 years. We are proud to have him as our Executive Chairman and look forward to a great journey ahead.”

Alok Oberoi, Executive Chairman, The Everstone Group added: “I have been actively associated with Everstone since it’s very inception and so this new role seems like a natural progression. I am excited to work with Sameer, Atul and the rest of my Everstone family and look forward to building on the exceptional business they have already created.”

About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), Mauritius, London and New York, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com
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Everstone Capital makes another senior hire

Mumbai, October 04, 2019 –Everstone Capital today announced the appointment of Vibhor Kumar Talreja as a Managing Director. He will lead the financial services sector amongst other responsibilities.

Prior to joining Everstone, Vibhor was with Temasek India for over 12 years. As a Director at Temasek, he led decision making on investments & divestments of over $2 billion each across both private & public transactions. Amongst other sectors, Vibhor has actively covered Financial Services, Industrials/Consumer, Real Estate & Telecom. He has also worked with renowned global and Indian companies such as JM Morgan Stanley and Tata Administrative Services.

Vibhor is an alumnus of IIT Kanpur & IIM Bangalore and will be based in Mumbai.

About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), Mauritius, London and New York, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com
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Everstone-backed Everlife appoints Raman Gandotra as Chief Executive Officer

Singapore/Mumbai, September 11, 2019 – Everlife Holdings Pte. Ltd. (Everlife), a leading distributor and manufacturer of medical and laboratory equipment and devices in Asia—announced today the appointment of Raman Gandotra as its new CEO. Based out of Singapore, Raman will lead the platform through its next stage of growth which will focus on continuing to deliver superior performance for its principals, further strengthening the company’s position in core markets and priority segments through acquisitions and realising synergies across our portfolio of companies.

Raman brings with him over 25 years of experience, with a proven track record in building effective teams and driving growth for leading industry players in the pharmaceutical and medical devices sectors.

Prior to joining Everlife, Raman was leading the India and South-East Asia business of Smith & Nephew, a global leader in surgical equipment, orthopaedics and wound care. Raman and his team built strong growth, sustainably gaining shares across businesses in five years while increasing margins. He led disciplined customer segmentation and targeting, driving operational excellence initiatives across countries, creating effective engagement strategies with distribution partners and continuing to introduce innovative products that improve healthcare outcomes for patients. Prior to Smith & Nephew, Raman held leadership roles in India and South-East Asia at Baxter and Allergan.

“Raman is very well-positioned to take the helm of Everlife, given his experience, skills and his action-oriented leadership style. The Board and I have strong confidence in his ability to identify and deliver on opportunities to drive growth, strengthen our operational cadence and cement our position in the region as a leader in our space.” said Arjun Oberoi, Vice Chairman of the Board, Everlife and Managing Director, Everstone Capital.

“I am excited to join Everlife at this pivotal point in the company’s evolution. Everlife has already emerged as a leader in the laboratory, medical equipment and devices space in Asia. I look forward to leading the next phase of Everlife’s journey through its expansion in new geographies and product segments and adopting new tools and technologies to bring superior value to our customers.” said Raman Gandotra on joining the Everlife team.

Everlife has investments in CPC Diagnostics, an India based manufacturer and marketer of in-vitro diagnostic products; Malaysia-based Chemopharm Group, a leading provider of products and solutions to laboratory, research and medical facilities in South-East Asia; DV Medika Group, manufacturer and distributor of one of Indonesia’s top brands of hospital furniture and other imported medical equipment and supplies; and Singapore-based Bio-REV Pte. Ltd., which specializes in distribution of reagents, media and consumables to the Life Sciences industry.

About Everlife Holdings Pte Ltd
Everlife Holdings Pte. Ltd. is a buy-and-build platform aimed to provide complete solutions for the healthcare and research industries in South East Asia and India. As part of the Everstone Group, Everlife invests in manufacturers and distributors in the region covering key strategic segments including in-vitro diagnostics, medical diagnostics, critical care equipment, implants and consumables. Cure Capital is a minority investor in Everlife. Everlife’s portfolio companies represent more than 200 principals and its more than 600 employees operate in seven countries. For more information, visit www.everlifeasia.com.
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About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), London, New York and Mauritius, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com
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Everstone Group makes significant investment in Translumina

Mumbai, August 27, 2019 – The Everstone Group has made a significant investment to acquire a stake in Translumina. The proceeds from the investment will help Translumina accelerate the company’s growth and scale its operations globally.

Founded in Hechingen, Germany, Translumina is a leading global manufacturer and distributor of cardiac stents and cardiovascular medical devices. Translumina’s technologies were developed in collaboration with the German Heart Centre and are endorsed by the European Society of Cardiology. Translumina combines the best of German technology, intellectual property and high-quality standards with Indian capabilities of manufacturing innovative products at affordable prices.

Translumina benefits from end-to-end development and manufacturing capabilities of stent delivery systems in India and Germany. The company distributes its products in over 30 countries across Europe, Asia, Latin America and Middle East. Everstone’s partnership will help the Company to acquire global assets, augment the company’s research and development efforts, bolster its India manufacturing capabilities and enhance Translumina’s distribution ecosystem.

“We are excited to partner with Everstone group who possess the best expertise in the market today to guide young companies to become large multinationals. Everstone’s sectoral and international experience will help Translumina achieve its’ global ambition by strengthening our organization and systems while retaining our agility and entrepreneurial spirit to create strong footprints in healthcare market” said Gurmit Singh Chugh, Chairman of Translumina.

“Translumina is extremely well positioned to emerge as a global leader in stents and cardiovascular technologies at highly affordable prices. Everstone’s expertise in healthcare will help unlock the company’s full potential by scaling manufacturing, strengthening its global distribution and driving new product development” said Arjun Oberoi, Managing Director, Everstone Group.

About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), London, New York and Mauritius, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com

About Translumina
Translumina is a global developer and manufacturer of innovative cardiovascular medical devices used in interventional cardiology and minimally invasive surgery. It’s flagship products, YUKON® Choice PC, YUKON® Choice Flex, YUKON® Chrome PC and VIVO ESAR represent the 3rd generation drug eluting stents systems. Translumina is the only company in the world that has published 10-year safety and efficacy data for its Yukon Choice PC stent in a head-to-head study against Xience, a market-leading stent from Abbott, as per the ISAR-TEST 4 study presented at the 2018 American Heart Association meeting. In addition, the company markets a wide range of cardiovascular devices including coronary angioplasty balloons, structural heart disease products and cardiac assist devices. For more information, visit www.translumina.in and www.translumina.de
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Everstone Group bolsters its US presence

Mumbai, April 24, 2019 – The Everstone Group is pleased to announce the appointment of Suneel Kaji as a Managing Director in New York. He will work on developing strategic relationships with large institutional investors, sponsors, corporates and service providers. This will enhance the firm’s private markets business in India and Southeast Asia through stronger investor connects, building an eco-system for cross-border expansions and exit options for portfolio companies.

Suneel Kaji joins Everstone from University of Texas Investment Management Company (“UTIMCO”), where he was a senior member of their private investments team. Kaji has over two decades of private markets experience in control and structured investing across the US and Asia.

“We continue to strengthen our team with leaders who have deep experience across asset classes and geographies. Suneel brings a wealth of international investing and banking experience and will add tremendous value to the group.” said Sameer Sain, CEO, The Everstone Group

“Everstone is a leading investor with deep operational ability to successfully build and grow diversified businesses. I am excited to join the team and contribute to Everstone’s growth and success.” said Suneel Kaji, Managing Director, Everstone Capital.

Prior to UTIMCO, Kaji had been a Founding Partner of Accordion Capital, the principal co-investment affiliate of Accordion Partners, a New York-based private equity consultancy. He previously worked with the private equity teams at DLJ in New York and Hong Kong and at Goldman Sachs in New York. Kaji started his career in investment banking at Salomon Brothers in M&A and Leveraged Finance. He received his MBA from the Stanford Graduate School of Business, and his Bachelor of Science in Economics, magna cum laude, from the Wharton School of the University of Pennsylvania.

About Everstone Group
Everstone is a premier investment group focused on India and South East Asia, with assets in excess of US$5 billion across private equity, real estate, green infrastructure and venture capital. Everstone has a significant resource base across its seven offices in Singapore, India (Mumbai, Delhi, Bangalore), London, New York and Mauritius, comprising best-of-breed investing, operations and strategic resources with significant experience and skills. For more information, visit www.everstonecapital.com
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