With India being the top destination for PE investments in 2015 and the inflow likely to increase this year, the USD 3.3-billion Everstone Group is on an expansion spree to beef up its top talent pool
Mumbai: With India being the top destination for PE investments in 2015 and the inflow likely to increase this year, the USD 3.3-billion Everstone Group is on an expansion spree to beef up its top talent pool.
The India and Southeast Asia-focussed Everstone, with dedicated private equity and real estate funds, has already made five top-level appointments in the past few months.
The latest appointment, over the weekend, is Rajesh Mehta who is joining as an executive director in the private equity team, the Singapore-based Indians-promoted firm told PTI.
Mehta's hiring comes within a week of the company inducting veteran investor Avnish Mehra as managing director in the private equity business. He has worked with Ashmore Group, the Tatas, HSBC and KPMG.
Mehra was part of the team that set up the India business for Advent International where he was involved in some notable transactions, including investments in Care Hospitals, Crompton Greaves, Cibil and Cams.
In less than one year, Everstone, which has raised USD 730 million for India last September, has made five senior hirings -- three MDs, one head of capital markets and exits and an ED, said a company official. This takes the top-level headcount to 10, out of which eight are partners.
Some of the notable names are Bhavna Thakur (head of capital markets and exits in May 2015) and Roshini Bakshi and Rajev Shukla as MDs in the PE team in April last.
The top management is led by co-founders and managing partners Atul Kapur and Sameer Sain, both based in Singapore.