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Everstone to acquire controlling stake in Servion for Rs 403 crore

Everstone to acquire controlling stake in Servion for Rs 403 crore
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 ($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 the last financial year (FY14) along with global footprint in more than 60 countries.
PTI

PTI

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