Warburg Pincus Invests in Everise, Partnering with Brookfield for Next Phase of Growth
Everise, a leading global healthcare services outsourcing company, has announced a significant investment from Warburg Pincus, a renowned global growth investor. This partnership also includes the participation of existing investor Brookfield, as both investors aim to accelerate Everise’s growth trajectory through business expansion and mergers and acquisitions. The investment values Everise at approximately $1 billion.
Everise, founded in 2016, has rapidly evolved into an end-to-end customer experience solutions provider and is now one of the fastest-growing businesses in the healthcare services outsourcing industry. With headquarters in the US and a workforce of over 19,000 employees across eight markets, Everise offers customer service solutions to some of the world’s leading healthcare companies. The company has received numerous industry awards for its leadership, innovation, and people-centric culture.
As part of this investment, Everstone Group, a Singapore-based private equity firm, will exit its investment in Everise. The transaction is subject to customary regulatory approvals and is expected to be finalized by the end of 2023.
Warburg Pincus, with a history of over 50 years of investing in healthcare, brings extensive experience and resources to Everise. The firm has invested in iconic and innovative healthcare companies globally. Warburg Pincus sees Everise as an attractive platform to offer outsourced technology-enabled services to the global healthcare payer and provider ecosystem. With their deep network and expertise in healthcare and outsourced services, Warburg Pincus aims to help Everise drive growth, innovation, and increased value for its customers.
Sudhir Agarwal, Founder and CEO of Everise, expressed confidence in the partnership between Warburg Pincus and Brookfield, stating that it will take Everise’s growth to the next level. He also thanked Everstone Group for their support since the company’s inception.
Aditya Joshi, Managing Partner at Brookfield, highlighted Everise’s strong organic growth and its strategic partnership with customers worldwide. Brookfield looks forward to partnering with Warburg Pincus and Everise’s management team for the next phase of the company’s journey.
Warburg Pincus, headquartered in New York with a global presence, has raised significant funds and invested in over 1,000 companies across various industries. Everise’s partnership with Warburg Pincus and Brookfield positions the company for further success in the healthcare customer experience industry.
With this investment, Everise is poised to continue its mission of transforming customer service for healthcare, transport, logistics, insurance, financial services, and tech businesses. The company’s customer service solutions, delivered by its dedicated team of over 19,000 champion agents across strategic markets, aim to provide top customer satisfaction and deliver happiness to customers of some of the world’s most beloved brands.
For more information about Everise, please visit www.weareeverise.com.
About Warburg Pincus:
Warburg Pincus LLC is a leading global growth investor. Founded in 1966, the firm has invested over $112 billion in more than 1,000 companies across 40 countries. With headquarters in New York and offices worldwide, Warburg Pincus manages over $83 billion in assets.
About Brookfield Business Partners:
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services. It is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group, a leading global alternative asset manager with approximately $850 billion of assets under management.