PE Fund Investments
BPO firm Everise attracts funding from Warburg Pincus; Everstone exits
Private Equity investor Warburg Pincus will invest in Delhi-based healthcare focused Business Process Outsourcing (BPO) company Everise, at a valuation of about USD 1 Billion. Warburg Pincus joins existing investor Brookfield. As part of the transaction, Everise's first private equity investor, Everstone, will complete its exit from the company. Founded in 2016, Everise is a player in outsourced customer services for healthcare, transport, logistics, insurance, financial services, and tech businesses.
From the Venture Intelligence PE-VC Deal Database: In Oct 2016, Everstone Group, along with Singapore-based Sunrise BPO, had bought 100% stake in US-based Everise (previously called CustomerContactChannels or C3 Connect), a global CRM solutions provider, for around USD 150 million. In Dec-20, Brookfield Asset Management agreed to acquire a 95% stake in Everise for USD 425-450 million, as part of which Everstone had made a part exit.
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