Fidelity Growth Partners India Leads INR4 Billion Investment in Trivitron Healthcare (Asia)
Source: Fidelity Growth Partners India
Fidelity Growth Partners India, the India-focused private equity arm of Fidelity Worldwide Investment, has led an investment of INR4 billion (approximately US$75 million) in Indian wholesale medical device distributor and service provider Trivitron Healthcare. Trivitron plans to use the funding to grow both organically and through the acquisition of companies and technologies in the United States and Europe. It also plans to increase its holding in Indian imaging accessories company Kiran Medical Systems, expand the operation of Trivitron Medical Technology Park and enhance the company’s distribution operations in Southeast Asia, the Middle East and Africa. The investment will facilitate the partial exit of private equity firms ePlanet Capital (formerly ePlanet Ventures) and Headland Capital, both of which first invested in Trivitron in 2007.