Private equity player Everstone will sell its 70 per cent stake in Rubicon Research for around Rs.1,000 crore, which will fetch more than four times return on the initial investment. In 2016, Everstone Group acquired 70 per cent shareholding in Rubicon for about Rs.220 crore. Everstone Group’s Singapore fund will sell its entire stake in Rubicon Research to a global private equity player, generating 4.5x multiple and a 92 per cent IRR (Internal Rate of Return) in a span of three years.

(Economic Times)