Permira Growth II Topco (Lux) Fifteen Bidco S.A.R.L.

A SUMMARY OF THE PROPOSED TRANSACTION, AS REQUIRED UNDER REGULATION 13(2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS) REGULATIONS, 2024

A. Name of the parties to the combination

Permira Growth II Topco (Lux) Fifteen Bidco S.A.R.L. (Acquirer); and

SILA Solutions Private Limited (SSPL / Target).

(collectively referred to as the Parties).

B. Nature and purpose of the combination

The Proposed Transaction entails the proposed acquisition of 40.11% shareholding of SSPL by the Acquirer.

The Proposed Transaction is being notified under Section 5(a)(ii)(B) of the Competition Act, 2002.

C. Products, services and business(es) of the parties to the combination

Acquirer

The Acquirer is a newly incorporated entity ultimately controlled by Permira Holdings Limited (Permira), having no operations in India or globally. The details of Permira are provided below. Permira 6. Permira is a Guernsey registered private equity business engaged, through its subsidiaries and affiliates, in the provision of investment management services to a number of investment firms. Permira ultimately controls a number of private equity funds which include portfolio companies active across the consumer, services, healthcare, technology, and climate sectors globally.

Target

SSPL is engaged in the business of providing integrated facility management services to residential communities and commercial establishments, including information technology parks, retail outlets, and industrial parks in India. SSPL’s services include operation, maintenance, and management of such properties through a combination of in-house personnel and outsourced service providers.

D. Respective market(s) in which the parties to the combination operate

There are no horizontal overlaps, actual or potential vertical relationships, or actual or potential complementary relationship between the activities of the Parties in India. Accordingly, the Proposed Transaction does not risk any appreciable adverse effect on competition in India.

E. Green Channel Route

Given there are no horizontal overlaps, actual or potential vertical relationships, or actual or potential complementary relationship between the activities of the Parties in India, the Proposed Transaction is being filed under the Green Channel route in accordance with Section 6(4) of the Competition Act, 2002 read with Rule 3 of the Competition (Criteria of Combination) Rules, 2024.