The Competition Commission of India has approved the acquisition of certain equity shareholding of Theobroma Foods Private Limited by Infinity Partners, Aqua Investments Limited and Atreides Investments B. V.

The proposed combination relates to the acquisition of certain equity shareholding of Theobroma Foods Private Limited (Theobroma) by Infinity Partners, Aqua Investments Limited and Atreides Investments B. V. (collectively referred to as ‘Acquirers’).

The Acquirers are private equity investors belonging to ChrysCapital group of entities.

Theobroma is engaged in the business of manufacture and sale ofbakery and confectionery products, food and beverages through itspatisseries and stores present in over 30 cities in India and via its onlineplatform and other online sales channels.

Detailed order of the Commission will follow.

Merger control clearance: competition approval for private equity acquisition of equity in Theobroma Foods, detailed order to follow. The Competition Commission of India granted approval for the acquisition of certain equity shareholding in Theobroma Foods Private Limited by Infinity Partners, Aqua Investments Limited and Atreides Investments B.V., comprising a proposed combination by private equity investors affiliated with ChrysCapital; a detailed Commission order will follow.