Alchemy / Noonan [2008] IECompA m08025 (25 August 2008)
- Status
- Judgment
- Jurisdiction
- Ireland
- Posture
- Merger Notification / Phase 1 Clearance
On this page
Professional case brief
Research organized from the available case record
01
Holding and result
The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market in Ireland.
Court disposition
Cleared
Orders
- The proposed acquisition is cleared under Phase 1.
02
Material facts
Parties
Alchemy Partners (Guernsey) Limited
AcquirerNoonan Services Group Unlimited
TargetMechanical Copyright Protection Society Limited
Interested PartyMechanical Copyright Protection Society Ireland Limited
Interested PartyAmounts and remedies
- Indirect Interest Acquired: 86.86
03
Procedural history
Posture
Merger Notification / Phase 1 Clearance
04
Questions and positions
Legal issues
Whether the proposed acquisition would substantially lessen competition in the relevant markets
Party arguments
- Applicant
- Alchemy Partners submitted that the acquisition would not adversely affect competition in the facilities services sector in the UK and Ireland.
- Respondent
- Noonan Services Group Unlimited did not oppose the acquisition and no objections were raised by interested parties.
05
Court’s reasoning
Legal principles
- 01
Competition Act 2002 (Ireland)
Assessment of mergers under Irish competition law to determine impact on competition.
06
Ratio, limits and disposition
Ratio decidendi
The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market in Ireland.
Court disposition
Cleared
- The proposed acquisition is cleared under Phase 1.
Source and reliance status
Official court record
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Judgment reading view
Judgment text
The complete available source text.
Court record
Judgment
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BAILII >> Databases >> Irish Competition Authority Decisions >> Alchemy / Noonan [2008] IECompA m08025 (25 August 2008) URL: https://www.bailii.org/ie/cases/IECompA/2008/m08025.html Cite as: [2008] IECompA m08025, [2008] IECompA m8025 [ New search ] [ Help ] Alchemy / Noonan [2008] IECompA m08025 (25 August 2008) Page Attachment M.08.025 Public_0.pdf (62.13 KB) (62.13 KB) M.08.025 Public.pdf (62.13 KB) (62.13 KB) Transaction details Proposed Acquisition of a 86.86% indirect interest in Noonan Services Group Unlimited by a newco funded by funds managed by Alchemy Partners (Guernsey) Limited. Economic sector Media merger Facilities services in the UK & Ireland No Notification date: Monday, August 25, 2008 Parties Involved Business activities Alchemy Partners (Guernsey) Limited Alchemy: objective is to make investments of an equity nature in leveraged and management buy-outs and buy-ins and to provide development capital, principally in the UK, and elsewhere in Europe. Noonan Services Group Unlimited . Noonan: provides Integrated Facilities Services in the UK and Ireland. Mechanical Copyright Protection Society Limited Mechanical Copyright Protection Society Ireland Limited Case Officer Assigned Contact Details Barry O'Donnell Tel:01-804 5396, email:bod@tca.ie The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is: Phase 1 Friday, September 5, 2008 Current status Completed Cleared (Phase 1) Decision date: Friday, September 12, 2008 Competition and Consumer Protection Commission (Ireland) © BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback | Donate to BAILII URL: https://www.bailii.org/ie/cases/IECompA/2008/m08025.html
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