Rubicon acquired by EMR
27th May 2007
Langham Capital is proud to announce the sale of the Rubicon Group, a specialist insurance claims outsourcer, to EMR Technology Ventures, a BPO company based in Gurgaon, India. Langham Capital acted as advisor to the shareholders of Rubicon, Penta Capital Partners Limited through their Penta Fund I.
Rubicon is one of the few specialist insurance process outsourcers in the UK and has deep knowledge and process competence for the UK general insurance market. The company underwent a major restructuring exercise in January 2006, from which it emerged as a profitable operation with a tight focus on processing motor and health claims.
EMR is a respected Indian outsourcer with a focus on sophisticated transaction processing. The acquisition of Rubicon will bring EMR claims handling expertise, access to the UK insurance market, and an experienced team. EMR will in turn be able to offer Rubicon an offshore delivery capability and the support to grow more vigorously.
Langham Capital is very happy to have advised the shareholders of Rubicon in this transaction. Our history with the company goes back four years, and we have felt for some time that Rubicon would be an excellent acquisition target for an Indian BPO company seeking to establish a credible and referenceable presence in the UK insurance market.
