CCI approves the acquisition of certain shareholding in SNV Aviation Private Limited (Akasa Air) by PI Opportunities Fund-I Scheme-II (PIOF), certain executives of PIOF, Claypond Capital Partners Private Limited (Claypond), and 360 ONE Private Equity Fund (360 Fund), through its various schemes and affiliates.

Published on 15-Apr-2025 09:58 PM

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The Strategic Acquisition approved by Competition Commission

Introduction

In recent months, the Competition Commission of India has granted approval for an intercompany acquisition involving SNV Aviation Private Limited (Akasa Air), also known as SNVA. This acquisition is planned through PIOF (PI Opportunities Fund-I Scheme-II) and its affiliated institutions, including PI Executives, Claypond Capital Partners, and 360 ONE Private Equity Fund. The acquisition targets a significant portion of SNVA’s shareholding, potentially offering benefits to all parties involved.

Overview of Each Entity

PIOF: As established under the laws of India, PIOF is a trust registered as an Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI). It invests in various growing entities to provide risk-adjusted returns. PIOF’s role includes strategic investments and advisory services.
PI Executives: These executives are part of PIOF’s team, offering advising or partnership roles to enhance the acquisition process, leveraging their expertise in financial management and investment strategies.
Claypond Capital Partners Private Limited (Claypond): As an affiliate of the Pai Family Group, Claypond has made investments across diverse sectors. Their financial acumen is crucial for understanding SNVA’s growth potential.
360 ONE Private Equity Fund (360 Fund):-regulated as a Category II AIF by SEBI, 360 Fund is focused on global and international equity investments. Its presence broadens the acquisition scope beyond domestic markets.

Acquisition Details

SNVA, led by Akasa Air, will be acquired through PIOF’s various schemes and affiliates. This strategic move aims to expand into new sectors while benefiting from PIOF’s robust investment portfolio.

Significance of the Acquisition

Growth Potential: SNVA’s expansion into domestic and international services, along with Acquirements from other investors, offers significant growth potential for all parties involved.
Intercompany Nature: The acquisition is intercompany, highlighting a complex strategic move requiring careful planning and consideration of financial implications.

Conclusion

This acquisition by PIOF and its affiliates presents a multifaceted strategy that could enhance the company’s market position. As part of this effort, readers are encouraged to stay informed about potential repercussions and further developments to better understand the implications. The journey ahead promises growth, with opportunities for strategic expansion through SNVA and beyond.

Call to Action

Stay informed and monitor the effects of this acquisition on the company and the broader market. Stay tuned for any updates or discussions that may shape the future of SNVA and related investments.

source: CCI approves the acquisition of certain shareholding in SNV ...

Read CCI approves the (i) acquisition of certain equity shares of Bharti Axa Life Insurance Company Limited (BALIC/ Target) by 360 ONE Private Equity Fund, through its schemes or affiliates (360 Fund); and (ii) subscription of certain equity shares in the Target by Bharti Life Ventures Private Limited (BLVPL) and 360 Fund