Date: 2025-05-13Category: Not ApplicableState: Union GovernmentCountry: India
CCI approves the proposed combination involving investment of ~13% of the limited partnership interests by AIPCF VIII A-TE Funding L.P. in Perseus Parent L.P
The Competition Commission of India has given its approval for a proposed business combination involving an investment by AIPCF VIII ATE Funding L.P., a newly established special purpose vehicle affiliated with the American Industrial Partners group, in Perseus Parent L.P. This combination sees AIPCF VIII acquire 13 limited partnership interests in Perseus Parent, which is involved in manufacturing and distributing engine components for various vehicles. The specific details of this approval order have yet to be published.
Key Entities Referenced
Competition Commission of India: Regulatory body that approved the proposed combination.
CCI: Abbreviation for the Competition Commission of India.
AIPCF VIII ATE Funding L.P.: The entity making the investment.
Perseus Parent L.P: The target company receiving the investment.
13: The percentage of limited partnership interests being invested.
PIB Delhi: Press Information Bureau, Delhi - source of the information.
American Industrial Partners group: The group to which the Acquirer belongs; described as an operationally oriented private equity group.
Acquirer Group: Alternative name for the American Industrial Partners group.
Acquirer: AIPCF VIII ATE Funding L.P., the newly incorporated special purpose vehicle.
Target: Perseus Parent L.P., the company engaged in manufacturing, marketing, and distribution of engine components.
Proposed Combination: The investment by the Acquirer in the Target.
NBAD Release ID: 2128474: A release identification number, possibly for internal tracking purposes.
Competition Commission of India
CCI approves the proposed combination involving
investment of ~13% of the limited partnership
interests by AIPCF VIII A-TE Funding L.P. in
Perseus Parent L.P
Posted On: 13 MAY 2025 7:33PM by PIB Delhi
The Competition Commission of India has approved the proposed combination involving investment of ~13%
of the limited partnership interests by AIPCF VIII A-TE Funding L.P. in Perseus Parent L.P.
AIPCF VIII A-TE Funding L.P. (Acquirer) is a newly incorporated special purpose vehicle which will
operate as an investment fund. As on date, the Acquirer does not have any investments or activities of its own.
The Acquirer belongs to the American Industrial Partners group (Acquirer Group), an operationally oriented
private equity group which has investments in industrial businesses (e.g., transportation and logistics, metals
and mining, and aerospace and defence) across global markets.
Perseus Parent L.P (Target) is engaged in the manufacturing, marketing, and distribution of engine
components for light vehicles and commercial truck and off-highway vehicles.
The proposed combination involves an investment by the Acquirer in the Target, through which the Acquirer
will secure ~13% of the limited partnership interests in the Target (Proposed Combination).
Detailed order of the Commission will follow.
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NB/AD
(Release ID: 2128474)