Everstone to acquire controlling stake in Servion for Rs403 cr

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Press Trust of India New Delhi
Last Updated : Nov 23 2014 | 2:11 PM IST
Private equity firm Everstone Capital, along with US-based Solmark, will invest Rs 403 crore in Servion Global Solutions for a "controlling" stake.
Both the firms have "signed an agreement to acquire a controlling stake in Servion by investing Rs 403 crore (USD 66 million)", Everstone said in a statement.
The investment would be routed through Evertech Pte Ltd, an Everstone Group investing platform, the statement said.
Servoin specialises in providing customer interaction management (CIM) solutions to companies.
Everstone Managing Director Prateek Dhawan said:" Servion's cutting edge solutions and outstanding management team offer unique and strong investment opportunity."
Post-transaction, Dhawan would be joining Servion's board along with Solmark General Partner Puneet Pushkarna.
Servion had a revenue base of over Rs 350 crore in FY14 along with global footprint in more than 60 countries.
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First Published: Nov 23 2014 | 2:11 PM IST

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