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Returned $2 billion, including co-investments, in 5 years: Everstone’s Mehra

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Everstone Capital, a private equity firm based in India, has returned nearly $1.2 billion through exits in the last five years. The firm focuses on investing in mid-market companies with EBITDA between $10 million and $20 million. Everstone has seen success by backing founders of Indian origin who are building global businesses in the US across healthcare and IT services. The firm has deployed about $600 million and returned close to $1.2 billion to its investors in the last five years, with a total of $2 billion returned, including co-investments. Everstone is currently investing out of its $300 million fourth fund and expects to invest over $600 million to $700 million with co-investments. The firm is also planning to launch its fifth fund, which is anticipated to be larger than its third fund, with an aim to invest in controlled situations.