Everstone awarded ‘Firm of the year in India’ for the 5th consecutive year by Private Equity International

Mumbai, March 04, 2015 – The Everstone Group has been awarded ‘Firm of the Year’ by Private Equity International (PEI) for the fifth year running. The latest award for 2015 is by the highly reputed industry publication Private Equity International. The 2015 award, a non-stop winning streak since 2011, followed a rigorous nomination and global voting process which involved investors, peers and other PEI subscribers from the private equity industry.

Speaking on the award, announced by PEI on March 1st, Sameer Sain, Co-Founder and Managing Partner, Everstone Group said on Friday: “We’re both thrilled and humbled to have been selected for the fifth year in a row as the best private equity firm in India, and I am deeply thankful to our investors, partners and friends for their vote of confidence, as well as to our employees for their dedication and high level of professionalism.”

On the transaction front, last year, Everstone acquired Excelity Global, the Asia Pacific payroll business of AON Hewitt; Modern, Hindustan Unilever’s bread and bakery business; and also provided an additional investment in New Delhi-based education publisher S Chand Group.

The firm also exited from Global Hospitals with its sale to Malaysia’s Parkway Hospitals, generating over 3x returns on the investment. Everstone also strengthened its private equity team by hiring Walt Disney executive Roshini Bakshi and Unilever’s Rajev Shukla as Managing Directors, and Citibank executive Bhavna Thakur as Head of Capital Markets and Exits, and continues to look at further reinforcing its private equity function.

The PEI Awards are the largest and most prestigious awards within the global private equity industry. With nearly multiple categories for selection, voters have the chance to vote for the awards across the Americas, EMEA and Asia-Pacific.

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 $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.


Everstone to acquire controlling stake in Servion Global Solutions, ropes in Solmark as Partner

Mumbai, November 19, 2014 – Everstone Capital, along with Solmark, has signed an agreement to invest INR 403 crore (USD 66 million) for acquiring a controlling stake in Servion Global Solutions Ltd (Servion). The investment has been done through Evertech Pte Ltd, the Everstone Group’s technology investing platform.

Servion specializes in delivering cutting edge ‘Customer Interaction Management (CIM) solutions and applications for companies, enhancing customer interactions via the phone, internet, email, chat and social media. The company has revenues exceeding INR 350 crore in FY2014, a marquee customer base and global footprint of more than 60 countries.

Prateek Dhawan, Managing Director, Everstone, who led this transaction and will be joining the board of the company, said, “Servion’s cutting edge solutions and outstanding management team offer a unique and strong investment opportunity. Combining efforts with our long standing friends and partners at Solmark will enable us to propel the company’s growth to the next level.”

Balakrishnan K., CEO & Managing Director, Servion, said, “Servion is at an inflection point today. We aim to widen our footprint, design and adopt new age technologies, deepen our understanding of customer problems and as a result, positively impact every single interaction happening across the world. To enable us to get there, we need to make strategic investments in several critical areas, and this partnership with Everstone and Solmark will help us address that. We are excited about the partnership and we trust that their combined expertise, experience, and track record of partnering with management teams will help us achieve the shared vision of building a leading global business.”

Puneet Pushkarna, General Partner, Solmark, said, “We look forward to working with the talented management team and employees at Servion to accelerate the company’s growth and strengthen its leadership as a complete CIM solution provider. We are also excited to work with our friends at Everstone as partners and co-investors.”

Prateek Dhawan, Managing Director, Everstone and Puneet Pushkarna, General Partner, Solmark will be joining the board of Servion. The transaction, which was advised by Avendus Capital, will provide an exit to most of the existing financial investors and non-working promoters.

About Everstone Group
The Everstone Group is a premier India and South East Asia focused private equity and real estate investment firm. Headquartered in Singapore, Everstone has over 140 people working across five offices (Singapore, Mumbai, Delhi, Bangalore and Mauritius). Everstone was awarded the Private Equity Firm of the Year in India by Private Equity International for three consecutive years (2011, 2012 and 2013).

About Solmark
Solmark, an ‘Entrepreneurs Equity Fund’, aims to partner with entrepreneurs to create global leaders in markets their companies serve. Founded by a group of tech entrepreneurs who have launched and built several successful companies, Solmark’s operating managers bring expertise in all aspects of growing a company in a competitive global marketplace, helping entrepreneurs grow and scale their business. Solmark has a presence in the Silicon Valley, New York, Washington DC, and Singapore.

About Servion
Established in 1995, Servion Global Solutions Ltd. specializes in Customer Interaction Management (CIM) solutions that help companies enhance customer interactions via phone, internet, email, chat and social media. With over 600 customers and 1000 installations in more than 60 countries, Servion’s products and solutions handle in excess of 7 billion voice/fax/Automatic Call Distributor (ACD)/Web/e-mail interactions per year. The company has an employee base of over 800. The CIM solutions are offered to a wide range of verticals such as banking and finance, telecommunications, business process outsourcing, transportation, retail, and hospitality.