Everstone Capital to back Qlar’s roadmap through continued investment in engineering and innovation Mumbai,
Everstone Capital (“Everstone”), a Singapore-headquartered investment firm and the private equity arm of Everstone Group, has completed the acquisition of Qlar Group (“Qlar”), formerly Schenck Process, from Blackstone. Financial terms of the transaction were not disclosed.
Qlar is a leading global provider of material handling and processing equipment for industrial applications across mining, food packaging, metals, and cement. Founded in Germany, the company serves customers in sectors including cement, steel, chemicals and performance materials, rail, mining and food. It operates production sites across India, China, Germany, the UK and the Czech Republic. Under Everstone’s ownership, Qlar will continue to operate under the existing brand and organizational structure, serving customers globally.
Everstone will support Qlar’s long-term development through continued investment in engineering, innovation, and talent. In partnership with the management team, the focus will be on executing on the company’s strategy, strengthening market access and commercial capabilities, and further developing Qlar’s solutions portfolio for more efficient, circular and lower-carbon material processing. This includes building on Qlar’s well-established aftermarket and service business which complements its core equipment portfolio and provides ongoing support to customers across the installed base.
Qlar highlights Everstone’s cross-border strategy of building businesses that serve global markets while leveraging Asia, including India’s markets, engineering talent, and operating efficiency. The platform combines strong European engineering heritage and expertise with growth opportunities across Asia, including India.
Avnish Mehra, Vice Chairman, Private Equity – Everstone Capital, said: “Qlar is a differentiated industrial technology platform with a strong global footprint and deep engineering capabilities. Its German heritage and technical expertise provide a solid foundation for long-term value creation, with its signification operations in India and the rest of Asia driving sustainable growth through competitive manufacturing and proximity to highgrowth markets. We see a clear opportunity to build on these strengths, supported by our cross-border experience and network, to drive disciplined and sustainable growth”.
Dr. Jörg Ulrich, CEO at Qlar Group, said: “The partnership with Everstone marks an exciting new chapter for Qlar. We are confident that Everstone’s experience in supporting engineering-led, international businesses will help us execute our strategy and strengthen our purpose of driving sustainable transformation within our industries, while continuing to be a reliable partner to customers worldwide.”
Peter Graham, Managing Director of Unison Asia, Advisor to Everstone Capital, added: “Qlar has established a strong position in critical industrial applications, underpinned by deep process expertise and long-standing customer relationships. We see clear potential to build on these strengths together with the management team, broaden commercial opportunities and support continued development across key global markets.”
Barclays acted as exclusive financial advisor to Everstone Capital on the transaction.
About Qlar
Qlar (formerly Schenck Process) is a global provider of sustainable products, integrated solutions, and services in mission-critical applications for bulk materials. Based in Darmstadt, Germany, the group has more than 1,100 employees with a presence in over 13 countries, serving customers in chemicals and performance materials, infrastructure, energy and alternative fuels. The group operates production sites across India, China, Germany, the UK and the Czech Republic. Qlar’s portfolio includes solutions for industrial weighing, feeding, conveying, milling and grinding, and related digital applications of the CONiQ product family. The company’s global testing infrastructure includes four test centres and six centres of competence, leveraging know-how from more than 40,000 bulk materials to support solution selection and optimisation. Guided by its motto “driving circular transformation,” Qlar supports customers in improving efficiency and advancing their decarbonisation roadmaps toward 2050 targets.
Website: www.qlar.com
About Everstone Capital
Everstone Capital is the private equity arm of the Everstone Group, a Singapore-headquartered investment firm. We focus on control-oriented, mid-market investments across high-growth sectors including Technology, Healthcare & Pharma, Consumer, Financial Services, and Industrials. Our platform-building approach combines operational expertise with strategic capital to unlock sustainable value and drive long-term growth. With a team of ~100 experienced professionals, we bring deep domain knowledge, local insight, and an on-ground execution edge to every partnership. Our active ownership model and disciplined execution enable us to scale businesses, accelerate transformation, and consistently deliver strong risk-adjusted returns for our investors.
Website: https://everstonecapital.com
LinkedIn page: https://www.linkedin.com/company/everstonecapital/?viewAsMember=tru
For media enquiries, please write to: ncontractor@everstonegroup.com