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CCI approves proposed acquisition of 100% shares and control of Tech Data Corporation by Tiger Midco LLC

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The Competition Commission of India (CCI) approved the proposed acquisition of 100% shares and control of Tech Data Corporation by Tiger Midco LLC. In this regard, Tech Data Corporation (Tech Data) will be acquired by Tiger Midco LLC (Tiger Midco) by way of merger of Tech Data with a wholly owned subsidiary of Tiger Midco, viz., Merger Sub.CCI approves proposed acquisition of 100% shares and control

  • Tech Data will continue as the surviving corporation after the merger as a direct wholly owned subsidiary of Tiger Midco.

About Tiger Midco
Tiger Midco is a special purpose vehicle set up and managed by investment funds managed by affiliates of Apollo Management, L.P. that manage funds invested in equity and debt issued by entities involved in various businesses throughout the world.

About Tech Data
Tech Data, a Florida based NASDAQ listed corporation, is active globally in the wholesale distribution of technology products and solutions to resellers.  Tech Data is present in India through a subsidiary, Tech Data Advanced Solutions (India) Pvt. Ltd. (“Tech Data India”).

About CCI:
Establishment– 2003
Chairperson– Ashok Kumar Gupta
Headquarter– New Delhi