Investment Summary

Eight Roads, True North and Investment Funds for Health in Africa Invest In Trivitron Healthcare

On October 31, 2012, private equity firm Eight Roads, private equity firm True North and growth capital firm Investment Funds for Health in Africa invested in distribution company Trivitron Healthcare

Investment Highlights
  • This is Eight Roads’ 1st, True North’s 1st and Investment Funds for Health in Africa’s 1st transaction in the Distribution sector.
  • This is Eight Roads’ 10th, True North’s 21st and Investment Funds for Health in Africa’s 1st transaction in India.

Investment Summary

Date 2012-10-31
Target Trivitron Healthcare
Sector Distribution
Investor(s) Eight Roads
True North
Investment Funds for Health in Africa
Deal Type Venture
Advisor(s) Kotak Investment Banking (Financial)
Amarchand & Mangaldas & Suresh A. Shroff & Co. (Legal)

Target

Trivitron Healthcare

Chennai, India
Trivitron Healthcare is a wholesale distributor and after-sales support provider of medical equipment and devices. Its areas of strategic focus include imaging, lab diagnostics, cardiology and critical care equipment. Trivitron Healthcare was founded in 1997 and is based in Chennai, India.

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Investor(S) 3

Investor
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 55 of 298
Sector (Distribution) 1 of 1
Type (Venture) 42 of 269
Country (India) 10 of 38
Year (2012) 17 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-31 Lumi Shanghai

Shanghai, China

Lumi Shanghai is an online nutritional beauty products platform in China. Lumi Shanghai was founded in 2007 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Flywire Payments

Boston, Massachusetts, United States

Flywire Payments is a provider of global payment and receivables solutions, connecting over 1,400 businesses and institutions with their customers on six continents. The company processes billions in payments per year from 220 countries and territories, via bank transfer, credit card and e-wallet solutions, in over 120 different local currencies. Flywire’s scalable platform provides currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. The company also supports its clients with end-to-end customer support including multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking. Flywire Payments was founded in 2009 and is headquartered in Boston, Massachusetts with operations in London and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia; and Valencia, Spain.

Buy -
Investor

True North

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

True North Co. is a private equity firm focused on making investments in growing middle-market companies operating in India. The Firm looks to invest a minimum of $50 million per transaction. Sectors of interest include consumer, healthcare, financial services, infrastructure services, and IT. True North does not invest in start-ups or early-stage companies. True North Co. was formed in 1999 and is headquartered in Mumbai.


DEAL STATS #
Overall 24 of 30
Sector (Distribution) 1 of 1
Type (Venture) 1 of 1
Country (India) 21 of 27
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 SFO Technologies Pvt.

Kochi, India

SFO Technologies Pvt. Ltd. designs and manufactures micro-electronics, populated PCBs, optical components for broadband networks, power electronics systems, connectors, cables, subsystems and micro circuit assemblies used in products like MRI, ultrasound scanners, X-ray generators, set top boxes for cable TV, etc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 VKL Seasonings Pvt.

Kochi, India

VKL Seasonings Pvt. Ltd. engages in the spice capital of the world, Kerala, is the flagship company of the Kanji Morarji Group. VSPL has mastered the ability to identify and lead taste trends, evolving as one of India's largest seasoning and flavor ingredients company. This lineage and rich spice heritage, combined with relentless innovation, has helped bring state-of-the-art integrated ingredient solutions to all segments of the Indian market. VSPL has helped craft industry-winning food products for top FMCG, QSR and Snack brands in India.

Buy -
DESCRIPTION

Investment Funds for Health in Africa (IFHA) is a private equity firm focused on providing capital to small and mid-sized private healthcare companies throughout Africa. Specific areas of interest include healthcare products, pharmaceuticals, healthcare product distributors, and health insurance. IFHA is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 3 of 8
Sector (Distribution) 1 of 1
Type (Venture) 1 of 2
Country (India) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 AAR Holdings

Nairobi, Kenya

AAR Holdings is a provider of healthcare packages of the evacuation of medical and accident casualties, both by road and air. AAR Holdings is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 CarePay

Nairobi, Kenya

CarePay is a provider of administers conditional healthcare payments between funders, patients and healthcare. CarePay is based in Nairobi, Kenya.

Buy -