PE firm Everstone Capital has acquired controlling stake of over 51% in Bengaluru based domestic auto components maker SJS Enterprises, for a consideration of about R350 Cr ($54 Mn). Everstone Capital acquired 26% owned by American specialty printing company Serigraph and another 25% from the three owners of the firm S Sivakumar, KA Joseph and V Srinivasan. The funding amount will be utilize to boost its expansion plans. Founded in 2005, SJS Enterprises is the manufacturer of automotive dials (automotive dashboard interior), overlays, exterior decals (two and four wheelers), badges and logos for the automotive, electronics and appliance industries. It earns a sizable chunk of its revenues from auto and appliances makers such as TVS Motors Company, Bajaj Auto, Maruti Suzuki, Tata Motors, LG, Samsung and Whirlpool. Headquartered in Singapore, with offices in Mumbai, Delhi, Bengaluru, and Mauritius, the Everstone Group is a India and South East Asia focused Private Equity and Real Estate investor with over US$ 3 billion of assets under management. The group also has several investments in the food and beverages space including, Burger King India, Domino’s Indonesia, and several other restaurant brands.
Source: dealcurry.comEverstone Capital Acquires Stake In SJS Enterprises
Industry: Other 2015-11-23
