The Everstone group, a private equity firm focused on India and South East Asia, has strengthened its operations team with the appointments of Roshini Bakshi and Rajev Shukla as managing directors, according to a statement.
Based in Singapore, Roshini and Rajev will work with the Everstone investments team and portfolio companies to craft global growth opportunities, provide strategic guidance, and create value. They will also work on sourcing and managing investment opportunities in the region.
Roshini is a former vice president and managing director of Walt Disney, where she was responsible for the consumer, licensing and retail business in India and South Asia. Roshini has more than 25 years of experience building and driving consumer businesses and brands across various Asian markets and in global corporations including Walt Disney, Polaris Software, Mattel Toys, Unilever and the Tata Group of Companies.
Rajev is a former vice president of Unilever, with 21 years of operating experience across the globe in a wide variety of roles. In his prior roles, Rajev has served as head of Unilever’s skin category in South East Asia and Australia and New Zealand. Rajev began his career in India, with over a decade of experience leading Hindustan Unilever’s megabrands such as Fair & Lovely and Lifebuoy.
“We are pleased to welcome Roshini and Rajev to Everstone, as we continue to grow the team, and invest in and build world-class businesses in the region,” L. Brooks Entwistle, partner and chief executive officer at Everstone, said in the statement. “Their combined experience includes working with some of the world’s largest consumer businesses and we believe, their expertise can add immense value to our portfolio companies.”
The hires come as Everstone is currently in market with its third private equity vehicle targeting $650 million. The fund has a hard-cap of $700 million, Private Equity International reported in November. Earlier this month, Everstone acquired Payfront Technologies, an Asia-Pacific payroll business, for an undisclosed amount.