Modern Food’s bread and bakery products are manufactured and marketed across India from its 40 manufacturing plants and to retail 80,000 outlets. Its Modern Bread brand controls over 35 percent of the market in India. Its owner Everstone Capital is reportedly in talks with Mexico's $15 billion Groupo Bimbo for...
Investors Bullish on India's Logistics Sector
Promoted by Singapore headquartered private equity investor Everstone Capital and Annapolis, MD-based Realterm Global, IndoSpace Logistics Parks , closed its third logistics real estate fund at $1.2 billion. With this fund raise, the Mumbai-based developer of industrial and warehousing facilities has over $3.2 billion worth of assets under management. IndosSpace has formed a strategic...
Sequoia Capital India to Acquire Faces Cosmetics
Venture capital firm Sequoia Capital India will acquire Faces Cosmetics Canada, an Ontario, Canada-based color cosmetics brand, as well as the Faces brand from Indivision India Partners. Faces has a product portfolio of over 350 color cosmetics and skin care products in India. "The color cosmetics market is the fastest...
CPPIB to Form JV with India's IndoSpace Realty
Canada Pension Plan Investment Board (CPPIB) plans to invest up to $1.2 billion in a joint venture with Mumbai-based IndoSpace, an industrial real estate-focused investment firm jointly owned by private equity investor Everstone Capital and Maryland-based Realterm Global. Key Highlights: Canada Pension Plan Investment Board and IndoSpace form IndoSpace Core,...
Everstone Capital Invests in Rubicon Research, India
The Singapore and India-based private equity firm Everstone Capital invested $33 million in contract research and drug delivery company Rubicon Research, in a bid to diversify its portfolio. Rubicon has a USFDA-approved manufacturing plant in Mumbai, and it provides solutions for bioavailability enhancement, gastric retention, taste masking, and customizing the...
Burger King to Expand in India
Burger King made an entry into the Indian market last November in a joint venture with Everstone Capital, and it opened 12 outlets in the National Capital Region and Mumbai. During the course of this year, more outlets will be opened in Bangalore and Punjab, said Rajeev Varman, CEO of...