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Everstone Capital eyes Bangalore logistics firm

Everstone Capital, an India-focused private equity funding entity with $1.5 billion (about Rs 8,300 crore) of assets under management across four funds, is understood to be aggressively looking to expand its portfolio in the logistics segment. Two of its funds are investing in growth equity in Indian companies, another focuses on the real estate market and the fourth is for the logistics sector. According to investment bankers close to Everstone, it has recently concluded a due-diligence exercise on the Bangalore-heaquartered AS Group of Companies, one of the largest warehousing service ...