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New Delhi : The Competition Commission of India (CCI) has approved the acquisition of Global Content Alpha Partners Holdco Pte. Ltd. (GCAPH) by Starnmeer B V (Starnmeer) under Section 31(1) of the Competition Act, 2002.

Starnmeer, a recently incorporated entity, is ultimately owned and controlled by funds comprising the Baring Asia Private Equity Fund VII, a fund affiliated with Baring Private Equity Asia Pte. Ltd. (BPEA). BPEA is  an  international  private  equity firm  with focus on  private  equity investments in Asia. BPEA and its affiliates currently inter alia hold investments in various entities engaged in provision of Information Technology (IT) and IT enabled services (ITeS) in India (Portfolio Entities).

GCAPH is engaged in the provision  of services within the IT  &  ITeS sector (more specifically Business Processing Outsourcing (BPO) services) and caters to  customers engaged  in  communications, media, services sector, and  the  education  sector.  In  India, GCAPH is  present  through  its subsidiaries  namely, LearningMate Solutions  Private Limited, SPI Technologies India Private  Limited, Scope  e-Knowledge  Center Private Limited, and Scientific Publishing Services Private Limited, according to a PIB release.

The proposed combination, notified under Sections 5(a) of the Competition Act, 2002, concerns the proposed acquisition of up to entire issued share capital of GCAPH from its existing shareholders.