The Competition Commission of India (CCI) approves the proposed acquisition of 100% shares and control of Tech Data Corporation by Tiger Midco LLC.

The proposed combination relates to the acquisition of Tech Data Corporation (Tech Data) by Tiger Midco LLC (Tiger Midco) by way of merger of Tech Data with a wholly owned subsidiary of Tiger Midco, viz., Merger Sub.

Tiger Midco is a special purpose vehicle set up and managed by investment funds managed by affiliates of Apollo Management, L.P. that manage funds invested in equity and debt issued by entities involved in various businesses throughout the world.

Tech Data, a NASDAQ listed corporation, is active globally in the wholesale distribution of technology products and solutions to resellers.  Tech Data is present in India through a subsidiary, Tech Data Advanced Solutions (India) Pvt. Ltd. (“Tech Data India”).

Merger control approval granted for an acquisition by merger changing control of a NASDAQ-listed technology distributor. The Competition Commission of India granted merger control approval for Tiger Midco LLC's proposed acquisition of 100% of Tech Data Corporation by effecting a statutory merger of Tech Data into a wholly owned Merger Sub of Tiger Midco, changing corporate control. Tiger Midco is a special purpose vehicle managed by funds affiliated with Apollo Management, L.P.; Tech Data is a NASDAQ-listed global wholesale distributor present in India through Tech Data Advanced Solutions (India) Pvt. Ltd.