Private equity management

EXL Services Inc

(Acquired by Conseco Inc. in mid 2001)

EXL (NASDAQ: EXLS) is a leading business process solutions company that helps companies drive business impact and adapt faster to the changing global marketplace. EXL provides operations management, embedded analytics and technology platforms to organizations in the banking and financial services, healthcare, insurance, utilities, transportation and logistics, and travel industries. With more than 21,000 people around the world, we work with our clients as strategic partners to execute operations, identify opportunities to gain a competitive edge, and create new channels for growth and savings. Headquartered in New York and operational since 1999, EXL is present in the U.S., U.K., Singapore, Romania, the Philippines, India, Germany, Czech Republic and Bulgaria. Frontline Strategy LLC managed to create a liquidity event with a short span of 10 months when Conseco Inc. (NYSE: CNC) acquired EXL Services.

www.exlservice.com