Fidelity Growth Partners India, the India focused Private Equity arm of Fidelity Worldwide Investment, and Fidelity Biosciences, has invested Rs. 400 crore ($74.5 Million) in Chennai-headquartered medical technology firm Trivitron Healthcare..The transaction also involved a partial exit of existing investors ePlanet Ventures and Headland Capital, which have been investors in Trivitron since 2007..J. Sagar Associates advised Fidelity with a team led by Manvinder Singh along with Associates Dishi Garg and Tresa C.J..Amarchand Mangaldas advised Trivitron with a team led by Bangalore Partner Arjun Lall along with Associates Madhumita Sheshadri and Manya Srivardhan..According to ET, Trivitron will use the funding on acquisitions of companies and technologies in Europe and the United States. The funds will also be used used to enhance the company’s distribution operations in South East Asia, Middle East and Africa..Trivitron is India’s largest distributor and after-sales support provider of medical equipment & devices. Trivitron will also use the funding to scale up research and development activities. It has setup medical technology park in Chennai which manufactures medical equipment.
Fidelity Growth Partners India, the India focused Private Equity arm of Fidelity Worldwide Investment, and Fidelity Biosciences, has invested Rs. 400 crore ($74.5 Million) in Chennai-headquartered medical technology firm Trivitron Healthcare..The transaction also involved a partial exit of existing investors ePlanet Ventures and Headland Capital, which have been investors in Trivitron since 2007..J. Sagar Associates advised Fidelity with a team led by Manvinder Singh along with Associates Dishi Garg and Tresa C.J..Amarchand Mangaldas advised Trivitron with a team led by Bangalore Partner Arjun Lall along with Associates Madhumita Sheshadri and Manya Srivardhan..According to ET, Trivitron will use the funding on acquisitions of companies and technologies in Europe and the United States. The funds will also be used used to enhance the company’s distribution operations in South East Asia, Middle East and Africa..Trivitron is India’s largest distributor and after-sales support provider of medical equipment & devices. Trivitron will also use the funding to scale up research and development activities. It has setup medical technology park in Chennai which manufactures medical equipment.