Everstone Group CEO Sameer Sain. A study has shown that Everstone Capital had become top heavy and there were too few junior people to do the leg work. Photo: Abhijit Bhatlekar/Mint
Mumbai: Everstone Capital has hired UK-based Kiddy and Partners to assist with the restructuring of its private equity business and the organizations review system, said two people close to the development, requesting anonymity. The firm has been on a hiring spree over the past six months and will be taking a more sector-based approach, instead of focussing on geographies.
Everstone sent out a letter to its investors about a month-and-half ago, informing them about the internal changes, including a slew of exits since June as part of its restructuring exercise….