Everstone Capital to Invest US$38 Million in Publishing Firm S. Chand & Company (Asia)

Source: VCCircle  |  Author: Madhav A. Chanchani

Indian private equity and real estate investor Everstone Capital is investing INR2 billion (approximately US$37.8 million) in S. Chand & Company, an Indian publisher of educational materials, for a reported 35 percent stake. The investment was made through the Everstone Capital Partners II private equity fund. S. Chand & Company plans to use the capital to fund an inorganic growth strategy and to digitize its print materials to target the online market.