Everstone exits India's Rubicon to General Atlantic
General Atlantic has acquired Indian pharmaceutical developer Rubicon Research. Everstone Group, the company's controlling shareholder, will realize a 4.5x return on the deal.
Everstone acquired a 70% stake in Rubicon for INR2.2 billion ($32.9 million) in 2016 through a combination of a direct investment in the company and shares held by Kotak Private Equity and other shareholders....
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