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climate investing: How innovative business models can lead to more opportunities for climate investing

Dhanpal Jhaveri, Vice Chairman of Everstone Group, explains why a collective effort is needed by stakeholders to drive innovative business outcomes in addressing the climate impact.

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Everstone buys controlling stake in Chennai-based Softgel Healthcare

The partnership aims to transform SHPL into a scaled, diversified, and globally recognised contract research, development, and manufacturing organisation in India

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India-focussed Kedaara set to close $1 billion fund

Likely to be first domestic PE firm to manage a $1 billion fund; announcement soon

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Welcome To IANS Live - SCIENCE AND TECHNOLOGY - Pratibha Jain to join Everstone Group as corporate affairs head


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New Delhi, May 3 (IANS) Leading lawyer Pratibha Jain has been appointed as private equity and real estate investment firm Everstone's group general counsel and head of corporate affairs.
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Update: 03-May-2021

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Mexican baking major Grupo Bimbo buys bread brand Modern Foods from Everstone


Updated Feb 25, 2021 | 11:02 IST
Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including in India, and has a diversified portfolio of over 13,000 products and more than 100 brands.
Mexican baking major Grupo Bimbo buys bread brand Modern Foods from Everstone. (Photo courtesy: company website) 
Mumbai: Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum.
Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Mexican major.

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Indian arm of Mexican company buys Modern Foods


Indian arm of Mexican company buys Modern Foods
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Indian arm of Mexican company buys Modern Foods
TNN / Updated: Feb 25, 2021, 13:26 IST
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(Representative image)
CHENNAI: Modern Foods, the company behind the iconic bread and bakery brand ‘Modern’ breads — is changing hands once again.
Singapore-based private equity firm Everstone Capital has sold Modern Foods to Mexico’s Grupo Bimbo and its Indian subsidiary Ready Roti India. The financial details of the deal were not disclosed. Grupo Bimbo, the world’s largest baking company, operates in 33 countries, including India, and has a portfolio of over 13,000 products and more than 100 brands.
Everstone, through its bread and bakery platform Everfoods Asia, acquired Modern from Hindustan Unilever (HUL) in 2016 and gave the brand a face lift, relaunching it in 2017.

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Everstone sells Modern Foods to Mexican firm for undisclosed amount


Private equity fund manager Everstone Capital today said that its bread and bakery platform Everfoods Asia, has sold Modern Foods to Moto Grupo Bimbo and its Indian subsidiary Ready Roti India.
Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including India, and has a diversified portfolio of over 13,000 products and more than 100 renowned brands. The financial details of the transaction were not disclosed.
Everfoods acquired Modern from Hindustan Unilever in April 2016 and relaunched the iconic bread brand in June 2017 nationwide.
Commenting on the transaction, Roshini Bakshi, Managing Director, Everstone Capital Asia, said “We had a phenomenal experience in rejuvenating the legacy brand of Modern and bringing it to the dining table of consumers again. Modern has unlocked its potential through its portfolio expansion and wider reach thereby exhibiting tremendous growth. I wish Grupo Bimbo the best for future and hope they continue to grow bigger and better.”

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