SBI Capital Markets (SBICAP), the investment banking subsidiary of State Bank of India, has facilitated private equity of USD 15 million (approximately INR 70 Crores) 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. |
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Mr. A. P. Verma, President and COO, SBICAP, 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." |
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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." |
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Set up in 2001 in Silicon Valley, Trianz has permanent offices in the US, India and Japan, and serves clients around the world through a seamless one-firm business model, offering business consulting and technology services. Future plans include tapping new geographies and service segments in the USA, India and Asia-Pacific through both the organic and inorganic routes. |
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About SBI Capital Markets Limited |
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Founded in 1986, SBI Capital Markets Ltd. (subsidiary of State Bank of India) is India's leading investment bank and project advisor having a presence across all investment banking products and offering services across all business segments including private equity. SBICAP enjoys a strong working relationship with corporate and government clients, having worked for several fund-raising, strategic sales and other advisory transactions. SBICAP has entered into tie-ups with investment banks in Sri Lanka, Bangladesh, Oman and Qatar and has a strategic alliance with CLSA. It is also an alliance member of M & A International Inc, one of the world's leading alliances of independent advisors specialising in mergers and acquisitions in the middle markets. |
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About Trianz |
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Trianz is a global professional services firm that helps senior leaders execute business and technology initiatives through a unique mix of business consulting and technology capabilities. The firm provides management consulting, technology engineering and operations outsourcing services to a diversified global client base in a range of marquee organizations from Fortune 1000 corporations to emerging, rapid-growth companies. Service offerings focus on four key areas viz. Operations Consulting, Enterprise Applications Services, Software Product Engineering and Transformational Outsourcing. For more information, please visit www.trianz.com |
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About NYLIM India Fund |
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New York Life Investment Management India (FVCI) Fund II, LLC is a Mauritius based fund with an investment objective of achieving long-term capital appreciation through equity or equity-related investments into companies based in or with significant operations in India. The Fund is a wholly owned subsidiary of New York Investment Management India Fund II, LLC, Mauritius, a fund with the same objective. Previous investments by the Fund and its parent include Punj Lloyd Ltd, ABG Shipyard Ltd, Reliance Energy Ltd, Emaar-MGF Land Pvt. Ltd and S P Apparels Ltd. |
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