ICC -with- BMR (Health _ Fitness) [2003] IECompA M03023 (24 July 2003)
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.
- Citation
- [2003] IECompA M03023
- Parties
- Acquirer: Bank of Scotland (Ireland) Limited; Acquirer Subsidiary: ICC Equity Partners Limited (on behalf of ICC Private Equity Investment Fund and ICC Private Equity Parallel Fund); Acquirer Subsidiary: ICC Enterprise Partners Limited (on behalf of the ICC Regional Fund); Target: Bio-Medical Research Ltd.
- Jurisdiction
- Ireland
- Judgment Date
- 24 July 2003
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- cleared
- Legal Topics
- Acquisition of Control, Notification of Mergers, Clearance Procedure
Case Brief
Summary, issues, holding and outcome
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Parties
Bank of Scotland (Ireland) Limited
Acquirer
ICC Equity Partners Limited (on behalf of ICC Private Equity Investment Fund and ICC Private Equity Parallel Fund)
Acquirer Subsidiary
ICC Enterprise Partners Limited (on behalf of the ICC Regional Fund)
Acquirer Subsidiary
Bio-Medical Research Ltd.
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition would substantially lessen competition in any market in the State.
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is cleared under Phase 1 review.
Court Disposition
cleared
Orders
- The proposed acquisition is approved and may proceed.
Full Case Text
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