Investment Summary

General Atlantic Invests In Rubicon

On April 4, 2019, growth capital firm General Atlantic invested in business services company Rubicon from Everstone Group

Investment Highlights
  • This is General Atlantic’s 21st transaction in the Business Services sector.
  • This is General Atlantic’s 17th transaction in India.

Investment Summary

Date 2019-04-04
Target Rubicon
Sector Business Services
Investor(s) General Atlantic
Sellers(s) Everstone Group
Deal Type Stake Purchase
Advisor(s) Torreya Partners LLC (Financial)

Target

Rubicon

Mumbai, India
Rubicon is a knowledge process outsourcing (KPO) company that provides contract research services for pharmaceutical companies worldwide. It specialises in formulation and drug delivery technologies for controlled release and generic plus products. It also develops novel products for innovator and specialty companies. Rubicon was founded in 1999 and is based in Mumbai, India.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 217 of 343
Sector (Business Services) 21 of 23
Type (Stake Purchase) 30 of 38
Country (India) 17 of 24
Year (2019) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Kyriba

San Diego, California, United States

Kyriba is a provider of cloud treasury and financial management solutions. Kyriba delivers a highly secure, 100% SaaS platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. More than 1,600 companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and cybercrime, and accelerate growth opportunities through improved decision support. Kyriba was founded in 2000 and is based in San Diego, California.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Network International Holdings

Dubai, United Arab Emirates

Network International comprises of a group of companies and is a leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Network International was founded in 1994 and is based in Dubai, United Arab Emirates.

Sell -

Seller(S) 1

SELLER

Everstone Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Everstone Group is a private equity firm focused on traditional private equity investments as well as real estate transactions. Within private equity, the Firm seeks to invest in businesses focused on domestic consumption as well as companies that are 'enablers of domestic infrastructure'. Everstone is a 'hands on' investor, willing to take an active role in managing investments. Within real estate, Everstone looks for retail, and mixed use developments, as well as industrial warehouses. Everstone Group was formed in 2006 and is based in Singapore.


DEAL STATS #
Overall 5 of 9
Sector (Business Services) 1 of 2
Type (Stake Purchase) 1 of 1
Country (India) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-23 Faces Cosmetics

Vaughan, Ontario, Canada

Faces Cosmetics is a producer of makeup, skincare products and personal care accessories. Faces Cosmetics is based in Vaughan, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Infostretch

Santa Clara, California, United States

Infostretch is a pure-play digital engineering services firm focused on helping companies accelerate their digital initiatives from strategy and planning through execution. The company leverages deep technical expertise, Agile methodologies, and data-driven intelligence to modernize systems of engagement and simplify human/tech interaction. It delivers custom solutions that meet customers’ technology needs wherever they are in their digital lifecycle. Infostretch works with both large market-leading enterprises and emerging innovators putting the company’s expertise to work in order to enable new products and business models, engage with customers and partners in new ways, while creating sustainable competitive differentiation. Infostretch was formed in 2004 and is based in Santa Clara, California.

Buy -