CCI approves the proposed combination involving acquisition of all the outstanding shares and sole control of the Skechers U.S.A, Inc. by 3G Capital Partners and investment by Kakapo Investment Pte. L
India, Aug. 19 -- The Competition Commission of India has approved the proposed combination involving acquisition of all the outstanding shares and sole control of the Skechers U.S.A, Inc. by 3G Capital Partners and investment by Kakapo Investment Pte. Ltd.The Proposed Combination involves the following transactions:Proposed 3G Transaction: An indirect acquisition of Skechers U.S.A, Inc (Target) by affiliates of investment funds managed by 3G Capital Partners LP (3G Capital), i.e., the Beach Acquisition Co Parent, LLC (Beach Parent) and Beach Acquisition Merger Sub, Inc. (Beach Merger Sub) (Beach Parent and Beach Merger Sub are collectively referred to as the 'Acquirers'); andProposed GIC Investment: GIC Investor proposes to invest capital,...
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