Trianz raises USD 15 mn from NYLIM India Fund
Mumbai, Jan 30 (UNI) SBI Capital Markets (SBICAP), the investment banking subsidiary of State Bank of India, has facilitated private equity of USD 15 million (approximately Rs 70 crore) for Trianz, a global operations consulting and technology services firm.
The equity investment was made by New York Life Investment Management India Fund (FVCI II), LLC (NYLIM India Fund), a Mauritius based foreign venture capital investor. Trianz will use the funds towards expansion of its business lines as well as grow its international presence.
In
a
statement
issued
here
today,
SBICAP
President
and
COO
A
P
Verma
said,
''
We
have
been
witnessing
the
steady
growth
of
Trianz
and
are
confident
that
with
a
strong
leadership
team,
unique
approach
and
exemplary
client
relationships,
Trianz
will
be
one
of
the
leading
blue
chip
firms
of
the
future.
We
look
forward
to
having
a
strong
relationship
with
Trianz
and
being
a
part
of
their
accomplishment.''
Mr
Ronald
Oehm,
Chairman,
Trianz
commented,
''
Working
with
investors
who
are
committed
to
building
a
global
brand
and
a
competitive
professional
services
company
is
important.
The
support
we
have
received
from
SBICAP
our
advisors
and
NYLIM
India
Fund
not
only
validates
the
strength
of
our
unique
hybrid
business
model
of
management
consulting
and
technology
services
but
also
speaks
volumes
for
the
future
that
lies
ahead
of
us
in
a
global
scenario.''
UNI