Desai Diwanji and NDA advise on Aditya Birla PE Funds investment in Trimax

Private equity firm, Aditya Birla Private Equity Fund I has invested Rs. 100 crore ($19.5 million) in Trimax IT Infrastructure & Services, a company involved in system integration, IT Services and IT Product and information technology infrastructure services..The transaction is a combination of Aditya Birla PE Fund’s primary investment into Trimax and secondary purchase of a portion of BanyanTree Growth Capital’s shareholding, an existing investor in the company. A sum of Rs. 75 crore was invested by primary investment and Rs. 25 crore as secondary investment..Existing investors in Trimax were BanyanTree Growth Capital LLC, ZP II Trimax Limited and ZP II Trimax Co-Investment Trust..Desai & Diwanji advised Aditya Birla PE Fund with a team led by Mumbai Partner Aslesha A Gowariker along with Associate Partner Siddharth Mody..The Bangalore office of Nishith Desai advised ZP II Trimax Limited and ZP II Trimax Co-Investment Trust with a team led by Partner Sangeeta Rana along with Associate Anil Choudhry..Aditya Birla PE Fund I had last year also invested Rs. 95 crore ($18.5 million) in Alphion India, a subsidiary of US-based Alphion Corporation. The Mumbai office of Kochhar & Co. advised Alphion while Nishith Desai Associates advised Aditya Birla PE Find I.