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Investment Summary

Eight Roads and True North Invest In Trivitron Healthcare

On October 31, 2012, private equity firms Eight Roads and True North invested in distribution company Trivitron Healthcare

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

Investment Summary
Date 2012-10-31
Target Trivitron Healthcare
Sector Distribution
Investor(s) Eight Roads
True North
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, Tamil Nadu.

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Investor(S) 2

Investor

Eight Roads

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1969
Size Small
Type Sector Focused
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 M&A 1 of 1
Type: M&A Deals 42 of 269
Country: India M&A 10 of 38
Year: 2012 M&A 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

Category Private Equity Firm
Founded 1999
PE ASSETS 3.0B 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 43
Sector: Distribution M&A 1 of 1
Type: M&A Deals 1 of 1
Country: India M&A 21 of 37
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 SFO Technologies

Kochi, India

SFO Technologies 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. SFO Technologies was founded in 1990 and is based in Kochi, Kerala.

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 -
Mergr

Product

Company

Legal