Investment Opportunity in True North Fund VII
Focus Sectors: Consumer
Experience & Performance
Evaluated
Deployed
Over 500 deals
$900m across 17 deals
12 deals (incl. partial)
Exits
Realized Returns on Exits¹
3.0x MolC | 30%+ Gross IRR
Network
Roster of 100+ CEOs/ CXOs
Extensive footprint across the spectrum
Food &
Beverages
Broadcasting &
Entertainment
Household &
Personal Products
Broadband
Internet Services
Zydus
Wellness
*
VKL KEYA
Seed Mfg. &
Distribution
SEEDWORKS
Behind every great taste
Hi Care
Say Hi to Hygie
ACT
811FM
Radio City
FM We Radio City
Ride Hailing
industry
Hotels &
Restaurants
MERU
RELY ON US
sesa
Camlin
INDICO
Retailing
Trinethra
Quality First
TN-III acquired controlling stake (75%) in '08; TN-V, TA, other investors
invested in '15 when TN-III exited; All '15 investors exiting in '22
3rd largest wired broadband private player; 1.9m subscribers; 19 cities
ACT
•
Fully professionalized management
Gained market share in a highly competitive environment
Within top 40 GPTW² ranking
Revenue grew 40x, EBITDA grew 100x
Delivered Return Profile on Exits 12
IRR: >25%
IRR: 15%-25%
IRR: <15%
Confidential
1Returns before fees, expenses &
Copyrights Reserved © GP share of Profits
Trinethra ACT
Quality First
ACT (TN-V)
(811FM
Radio City
FM Me Radio City
Trinethra
•
Quality First
•
•
TN's first control deal; invested in '04 from TN-I and in '05 from TN-II
Grocery retail operations with presence - 73 stores in 7 cities
Hired a solid CEO & management, built robust systems & processes
The eventual acquirer, Aditya Birla Group, retained - the team,
platform initiatives, the systems & processes - instated by TN
⚫ Trinethra serves as a testament to the organizational strengthening
led by TN
Diversified Exit Routes
SEEDWORKS
(TN-III)
IPOs/ Public
Market Sale
*
Camlin
MERU
RELY ON US
(TN-III & TN-IV)
VKL
Behind every great teste
2 Represents exits on investments above INR 50 Cr 17
Strategic Sale
Trinethra
Quality First
(TN-I & TN-II)
(81.1FM
Radio City
FM Me Radio City
MERU VKL
RELY ON US
(TN-III & TN-IV)
SEEDWORKS ACT (TN-III & TN-V)
Financial Sale
Above information captures investments managed & advised by TN
Behind every great taste
truenorth
0
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