CCI approves joint control in Virtusa Corp by Austin HoldCo
ANI |
Updated: Jan 12, 2021 12:20 IST
The proposed combination relates to acquisition in Virtusa Corporation by Baring Private Equity Asia (BPEA) through Austin HoldCo, Atago Investment Pte Ltd (GIC Investor) and CPP Investment Board Private Holdings (4) Inc (CPPIB Investor).
Austin HoldCo is a company incorporated in Delaware in the United States. It is presently not engaged in any business activity. BPEA is an international private equity firm with a focus on private equity investments in Asia.
GIC Investor is wholly-owned by Apstar Investment Pte Ltd, which in turn is wholly-owned by GIC Ventures Pvt Ltd. GIC Investor is a special purpose vehicle organised as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Pvt Ltd.