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General Atlantic acquires significant stake in Rubicon Research

Press Trust of India  |  New Delhi 

Growth equity firm has acquired a significant stake in company Rubicon Research, which intends to focus its efforts on bringing innovative medicines to market with the deal.

"is committing up to USD 100 million of primary capital and has acquired the stake held by Rubicon's existing private equity shareholders," the said in a joint statement.

All other existing shareholders continue to maintain their holding in the company, it added.

The companies, however, did not disclose more details about the deal.

With this investment, Rubicon intends to focus its efforts on bringing innovative medicines to market to address fundamental needs of patients through the use of its proprietary

Also, it is looking to increase its across the world, the statement said.

"We welcome this partnership with and believe that with their growth focus, capital resources, strategic outlook and global connectivity, Rubicon will be able to accelerate its growth through organic and inorganic effort," Rubicon founder and said.

and from General Atlantic will join the board of Rubicon, the statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 08 2019. 18:25 IST
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