PE-VC Fund Investments
Everstone Capital acquires Germany’s industrial equipment maker Qlar in $200-M deal
India-focussed Everstone Capital has acquired Germany-based industrial equipment manufacturer Qlar Group from its existing Private Equity owner Blackstone, for an estimated USD 150-200 million. Unison Asia and Barclays acted as advisors to Everstone Capital on the transaction.Qlar provides material handling and processing equipment for various industries, including mining, food packaging, metals, and cement. The company maintains production sites across India, China, Germany, the UK, and the Czech Republic and employs approximately 417 people in India with manufacturing facilities in Bengaluru and Gurugram.Everstone plans to strengthen market access and commercial capabilities and expand the company’s portfolio of low-carbon and circular material-processing solutions while growing its aftermarket and services business.
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