CCI approves Multiples PE Fund and CPPIB investments in Acko Technology

The Competition Commission of India (CCI) has approved the the acquisition of additional Series E compulsorily convertible preference shares of Acko Technology & Services by Multiples Private Equity Fund III and CPP Investment Board Pvt Holdings (4).

“The proposed combination envisages the acquisition of additional Series E compulsorily convertible preference shares (CCPS) of Acko Technology & Services Private Limited (Acko/Target) by Multiples Private Equity Fund III (Multiples Fund III) and CPP Investment Board Private Holdings (4) Inc. (CPHI-4),” a release said.

CPP Investment Board Private Holdings (4) Inc is a wholly-owned subsidiary of the Canada Pension Plan Investment Board (CPPIB).