CCI approves acquisition of certain shareholding of Shadowfax Technologies Private Limited by NewQuest Asia Fund IV (Singapore) Pte. Ltd.

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..... CCI approves acquisition of certain shareholding of Shadowfax Technologies Private Limited by NewQuest Asia Fund IV (Singapore) Pte. Ltd.
News and Press Release
Dated:- 7-2-2024

The Comp .....

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..... etition Commission of India (CCI) has approved the acquisition of certain shareholding of Shadowfax Technologies Private Limited by NewQuest Asia Fund IV (Singapore) Pte. Ltd. The proposed combinatio .....

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..... n relates to the acquisition of certain shareholding in Shadowfax Technologies Private Limited (SFX/ Target) by NewQuest Asia Fund IV (Singapore) Pte. Ltd (TPG NQ/ Acquirer) from Eight Roads Investmen .....

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..... ts Mauritius II Limited (Eight Roads) and certain other shareholders of SFX. TPG NQ is part of a closed private equity fund, managed by TPG NewQuest (formerly known as NewQuest Capital Partners). TPG .....

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..... NQ is a part of the TPG group. TPG, Inc. (TPG), is the ultimate holding company of the TPG group. TPG NewQuest manages a diversified portfolio of private equity investments across the Asia-Pacific Re .....

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..... gion. The Target is a crowdsourced, tech-enabled logistics platform providing hyperlocal delivery services and third-party logistics services, specifically to e-commerce platforms in India. Detailed .....

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..... order of the CCI will follow.
News - Press release - PIB .....

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