BWI: Zephyr Peacock India Purchases Stake in Indian Information Technology Company

Press release from Business Wire India
Source: Zephyr Management, L.P
Saturday, October 09, 2010 04:30 PM IST (11:00 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Business services, Financial Analyst, Information technology, Real estate, Stock exchanges, Telecommunications; Technology
--------------------------------------------------
Zephyr Peacock India Purchases Stake in Indian Information Technology Company


Bangalore, Karnataka, India and London, New York, Saturday, October 09, 2010 -- (Business Wire India) -- Zephyr Peacock India (ZP), an India focused private equity fund, made a US$10 million investment to purchase equity shares in Trimax IT Infrastructure and Services Ltd, a leading Indian information technology (IT) infrastructure firm. Trimax provides end-to-end information technology infrastructure solutions to various government agencies and small and medium sized enterprises. The company has a proven track record in executing integrated IT projects which include systems integration, infrastructure management services, data center services and networking solutions.

Trimax has a national presence in India with 12 regional offices and over 100 service centers. The company is actively seeking opportunities to expand into other markets and is planning to launch operations in countries such as Singapore, Sri Lanka, Bangladesh and Nepal. Trimax has over 1,000 clients and has established strong partnerships with key governmental enterprises and large Indian telecommunications firms.

Zephyr Peacock India will assist the Trimax management team in the areas of long-term strategy, business development and management development. ZP assumes active governance roles within the portfolio companies, drawing upon Zephyr's international experience, networks and knowledge.

Zephyr Peacock India Funds were established to provide growth capital to small and middle market companies positioned to benefit from India's growing domestic demand. Zephyr Peacock India Fund I was launched in 2006 and Zephyr Peacock India Fund II in 2008.

Notes to Editors

Zephyr Peacock India's previous investments include: Metro Wireless Engineering (India) Private Limited, Miles Software Solutions Pvt., Ltd., Maxop Engineering Private Limited, Time Technoplast Limited and WLC India Limited.

About Zephyr Management, L.P.

Zephyr Management, L.P. is a global private equity and marketable securities firm. Founded in 1994, the firm specializes in the creation and management of highly focused and value added investment funds. Since its founding, Zephyr has sponsored twenty two investment funds across the developed and developing world and is actively researching new investment opportunities around the world.

About Zephyr Peacock India

Zephyr Peacock India provides equity financing for small to medium sized Indian businesses across high growth sectors which include infrastructure related services, high value added manufacturing, technology enabled products & services and financial services.



CONTACT DETAILS
Nida Panchee, Zephyr Management, L.P, +1 212 508 9400, np@zmlp.com
Mukul Gulati, Zephyr Management, L.P, +91 (80) 42613300, mg@zmlp.com

KEYWORDS
CONSUMER, ECONOMY, MARKETING, BUSINESS SERVICES, Financial Analyst, IT, REAL ESTATE, STOCK EXCHANGES, TELECOMMUNICATIONS, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com