<ul data-eligibleForWebStory="false"><li>Investment firm 3G Capital and Singapore's sovereign wealth fund GIC have applied for approval from the Competition Commission of India (CCI) to acquire Skechers.</li><li>The transaction involves an indirect acquisition of all outstanding shares and sole control of Skechers by affiliates of investment funds managed by 3G Capital partners LP and GIC.</li><li>GIC has also sought CCI clearance to invest capital for financing part of the acquisition, which would grant GIC Investment certain rights in Skechers upon completion of the transaction.</li><li>The deal, valued at about USD 9.4 billion, will lead to Skechers being taken private by 3G Capital, resulting in the company no longer being listed on the New York Stock Exchange.</li></ul>

3G Capital, Singapore's GIC Seek CCI Nod To Acquire Skechers

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