Acquisition History / PI Opportunities Fund-I Scheme-II / SNV Aviation Private Limited (Akasa Air)

PI Opportunities Fund-I Scheme-II Acquires SNV Aviation Private Limited (Akasa Air)

Announced January 2025 — $125M

PI Opportunities Fund-I Scheme-IIAirlines2025

What happened

Indian low-cost airline Acquired through PI Opportunities Fund-I Scheme-II, a vehicle of Premji Invest; Claypond Capital Partners Private Limited; 360 ONE Private Equity Fund; 360 ONE Alternates Asset Management Limited. Source: https://www.cci.gov.in/images/summaryorders/en/summary1740028254.pdf

Acquirer
PI Opportunities Fund-I Scheme-II
Target
SNV Aviation Private Limited (Akasa Air)
Announced
January 2025
Price
$125M
Industry
Airlines
Buyer type
Private equity
Fund vehicle
PI Opportunities Fund-I Scheme-II
Backing investors
Premji Invest, Claypond Capital Partners Private Limited, 360 ONE Private Equity Fund, 360 ONE Alternates Asset Management Limited
Status
Closed

By the numbers

PI Opportunities Fund-I Scheme-II's acquisition history
3rd of 3 tracked deals
Disclosed prices
2 of 3 PI Opportunities Fund-I Scheme-II deals
PI Opportunities Fund-I Scheme-II's average disclosed price
$82.3M
PI Opportunities Fund-I Scheme-II's largest disclosed deal
SNV Aviation Private Limited (Akasa Air) ($125M)
Tracked acquisitions in 2025
503 across all acquirers
PI Opportunities Fund-I Scheme-II in Airlines
1 acquisition

Frequently Asked Questions About This Acquisition

When did PI Opportunities Fund-I Scheme-II acquire SNV Aviation Private Limited (Akasa Air)?

PI Opportunities Fund-I Scheme-II acquired SNV Aviation Private Limited (Akasa Air) on January 2025. This was PI Opportunities Fund-I Scheme-II's 3rd publicly tracked acquisition out of 3 we have on record.

How much did PI Opportunities Fund-I Scheme-II pay for SNV Aviation Private Limited (Akasa Air)?

PI Opportunities Fund-I Scheme-II paid $125M for SNV Aviation Private Limited (Akasa Air).

What does SNV Aviation Private Limited (Akasa Air) do?

Indian low-cost airline Acquired through PI Opportunities Fund-I Scheme-II, a vehicle of Premji Invest; Claypond Capital Partners Private Limited; 360 ONE Private Equity Fund; 360 ONE Alternates Asset Management Limited. Source: https://www.cci.gov.in/images/summaryorders/en/summary1740028254.pdf

What other Airlines companies has PI Opportunities Fund-I Scheme-II acquired?

SNV Aviation Private Limited (Akasa Air) is PI Opportunities Fund-I Scheme-II's only publicly tracked acquisition in Airlines so far.

Read the full article →

More PI Opportunities Fund-I Scheme-II acquisitions

See all 3 PI Opportunities Fund-I Scheme-II acquisitions →