PROPOSED ACQUISITION BY GENERAL ATLANTIC L.P OF UP TO 44.4% INTEREST IN GREENLIGHT PLANET INC.

This notification to the Federal Competition and Consumer Protection Commission (the Commission) relates to the proposed acquisition by General Atlantic L.P., a private equity fund based in the USA (General Atlantic) through General Atlantic (GL) L.P., of a 44.4% equity stake in Greenlight Planet Inc., a USA (Delaware) based private company (Greenlight or the Target) (the Proposed Transaction). General Atlantic and Greenlight are collectively referred to as the Parties.

The Proposed Transaction will also involve the simultaneous acquisition by Arch GLP Hold Co (Arch GLP) of 7.7% and by Prudential Credit Opportunities SCSp (Prudential) of 6.7%, of the issued shares of Greenlight, respectively. The interests to be acquired by Arch GLP and Prudential will not amount to control of Greenlight under the Federal Competition and Consumer Protection Act (FCCPA) and the Commissions Merger Review Regulations 2020 (the Regulations) and Merger Review Guidelines 2020 (the Guidelines).

General Atlantic is a global growth private equity firm headquartered in New York, USA that provides capital and strategic support for growth companies. General Atlantic has been a growth investor for more than four decades and currently has a portfolio of 169 companies in five regions. It has a team of more than 200 investment professionals and transaction experts who provide collaborative global insight and regional expertise from General Atlantic 14 global offices located in New York, Greenwich, Palo Alto, So Paulo, Mexico City, Amsterdam, London, Munich, Mumbai, Beijing, Hong Kong, Shanghai, Singapore and Jakarta.

As a fundamental aspect of its investment strategy, General Atlantic invests in five global sectors that continue to be marked by technology and innovation. By specializing in these sectors, General Atlantic develops and capitalizes on disruptive issues that create unique investment opportunities worldwide. The current sectors are Consumer, Financial Services, Healthcare, Technology and Life Sciences.

Greenlight is a private limited company, founded in 2009, which focuses on designing and distributing solar home solutions for local populations that do not have access or have weak access to the electricity grid. Greenlight has presence in India, Hong Kong, Kenya, Uganda, Tanzania, China, Myanmar, Nigeria and Zambia. Greenlight provides solar energy products in Nigeria including solar lamps and home energy systems under its Sun King brand. The relevant market for purposes of this merger notification is the market in which Greenlight Nigeria operates, namely the sale of solar photovoltaics (PV) energy products in Nigeria (the Relevant Market).

General Atlantic does not conduct any business or have any activities in the solar photovoltaics (PV) market in Nigeria. It is, therefore, respectfully submitted that no horizontal, vertical or conglomerate competition concerns will arise in the Nigerian energy solution service industry as a result of the Proposed Transaction. In addition, no public interest concerns will arise as a result of the Proposed Transaction and there will be no negative impact on employment in Nigeria.