EVERSTONE GROUP
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
HSBC India arm leases 1.2 lakh sq ft office space in Bengaluru
HSBC's India division has secured a long-term sub-lease for more than 120,000 square feet of office space. This transaction is located in the commercial tower Ecospace Campus 1C on Outer Ring Road, Bengaluru. The lease includes a financial commitment of approximately Rs 191.84 crore over an initial five years. Following the lease terms, there is an option for a five-year extension at the same rate.
Japan’s SuMiTB makes first Indian realty fund investment with HDFC Capital
Sumitomo Mitsui Trust Bank has made its first investment in an Indian real estate fund. This investment is in HDFC Capital Development of Real Estate Affordable and Mid-Income Fund. The H-DREAM Fund has raised over $400 million in secured investor commitments. This fund targets residential projects within affordable housing while promoting green building standards. The investment reflects the strengthening economic relationship between India and Japan in the real estate sector.
Madhya Pradesh eyes global investment boost as state delegation meets Everstone Group at WEF 2026
Madhya Pradesh held strategic discussions with Everstone Group at the World Economic Forum 2026, focusing on expanding manufacturing, renewables, and food processing. The state highlighted its automotive and EV ecosystem, alongside textile and garment capabilities, and renewable energy potential. Discussions explored investment in solar panel, battery, ingot, and wafer production, with a commitment to further collaboration.
Everstone hires Sujoy Bose as CEO - Investment Management
Singapore-based Everstone Group, focusing on Asia, has appointed Sujoy Bose as CEO for Investment Management. Sujoy will lead capital formation, deal sourcing, and ESG initiatives, managing capital raising and Limited Partner relationships. He will collaborate with vice chairs and business leaders to ensure operational excellence. Prior to this, Sujoy was Managing Director and CEO of India's NIIF and spent 23 years at IFC in key leadership roles. Sameer Sain commended Sujoy's expertise. Founded in 2006, Everstone manages $8 billion in assets across private equity, real estate, credit, infrastructure, and venture capital. The firm focuses on control/co-control, climate and energy transition, digital and venture capital, buy-outs, and roll-ups, emphasizing its unique investment approach and proven capabilities.
Canadian fund Ontario Teachers' Pension Plan Board to acquire Sahyadri Hospitals
the deal has valued the hospital chain at Rs2500 crore, said people aware of the development. Existing investor Everstone Group, along with key management and founders will retain minority stakes in the company. This will be OTPP's first private equity buyout in India.
Everstone snaps up Calibre Chemicals for about $100 million
The city-based, privately-held Calibre was established in 1984 and manufactures a range of specialty chemicals falling into two product lines--mineral derivatives (iodine, selenium, cobalt) and peroxygens (persulphates, perchlorates).
Alok Oberoi joins Everstone as executive chairman
Alok has spent over 14 years at Goldman Sachs, led Goldman Sachs’ Wealth Management business in Asia.
Everstone Group partners Suresh Vaswani to boost IT investment
After the partnership, Vaswani will be a senior director at the Everstone Group and will also join the board of two group companies.
PE fund Everstone to acquire Pune's Sahyadri Hospitals
The deal size has not been disclosed yet. According to people in the know, the deal values Sahyadri at about Rs 1000 crore.
Everstone to sell entire stake in Rubicon Research for Rs 1,000 crore
In 2016, Everstone Group acquired 70 per cent shareholding in Rubicon for about Rs 220 crore.
Videocon Industries rises as company sells Kenstar brand to Everstone; retreats
The Kenstar team will continue to operate as an independent company controlled by Everstone.
Everstone to acquire Kenstar from Videocon
The deal, which has been running for a year now, had seen suitors such as Orient Electric, Symphony, Havells, Crompton Greaves and Voltas.
Everstone Group increases investment in Servion Global
Everstone and Solmark, an equity fund started by technology entrepreneurs, had initially acquired a controlling stake in Servion in November 2014 through Evertech Pte Ltd.
Everstone Group invests $35 million in OmniActive Health Tech
OmniActive is a supplier of naturally sourced ingredients for eye health, weight management and heart health to global nutraceutical companies that provide food supplements and nutritional fortification.
CPPIB to invest in India's largest realty deal
The entire deal is pegged at Rs 15,000 crore making it the largest commercial real estate transaction in the country, they added.
Everstone buys Mumbai-based drug tech firm Rubicon for Rs 220-crore
The India and Southeast Asia-focused Everstone has assets under management of USD3.3 billion and is headquartered in Singapore.
HUL completes sale of its 'Modern Bakery' brand
FMCG major Hindustan Unilever Ltd (HUL) has completed sale of its bread and bakery business under 'Modern' brand to Everstone Group's Nimman Foods Pvt Ltd.
Everstone hires Bhavna Thakur as head of capital markets and exits for PE and real estate business
Thakur will lead the capital markets and exits function across both the private equity and real estate businesses.
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