Trian Partners Am Holdco, Ltd.
CCIC-2021/01/810
A compact analysis
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SUMMARY UNDER REGULATION 13(1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) REGULATIONS, 2011 (AS AMENDED)
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A. Names of parties to the combination
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- The names of the parties to the combination are:
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- i. Trian Partners AM Holdco, Ltd. (“ Acquirer ”); and
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- ii. Invesco Ltd. (“ Target ”).
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- The Acquirer and the Target are collectively referred to as the “ Parties ”.
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B. Nature and purpose of the combination
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- The Transaction (as defined below) is in the nature of an acquisition of shares under Section 5(a) of the Competition Act, 2002 (“ Competition Act ”).
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- The Acquirer currently holds 9.9% of the outstanding shares of the Target. By way of the potential combination, the Acquirer proposes to acquire additional outstanding shares of the Target through open-market purchases, private transactions or otherwise (the “ Transaction ”). After completing the Transaction, the Acquirer would hold more than 10% of the outstanding shares of the Target.
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