M/17/014- Element(Capvest)/Karro [2017] IECompA m17014 (24 April 2017)
- 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 Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.
Court disposition
cleared
Orders
- The proposed acquisition is cleared under Section 21(2)(a) of the Competition Act 2002 (as amended).
02
Material facts
Parties
CapVest Partners LLP
AcquirerElement UK Bidco Limited
Acquirer VehicleKarro Food Group Limited
Target03
Procedural history
Posture
Merger Notification / Phase 1 Clearance
04
Questions and positions
Legal issues
Whether the proposed acquisition would substantially lessen competition in any market for goods or services in the State.
Party arguments
- Applicant
- The acquisition would not substantially lessen competition in any relevant market.
- Respondent
- No opposition or adverse submissions from third parties.
05
Court’s reasoning
Legal principles
- 01
Competition Act 2002 (as amended)
A merger or acquisition must be cleared if it does not substantially lessen competition in any market for goods or services in the State.
06
Ratio, limits and disposition
Ratio decidendi
The Commission found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.
Court disposition
cleared
- The proposed acquisition is cleared under Section 21(2)(a) of the Competition Act 2002 (as amended).
Source and reliance status
Official court record
This page organises the available record for research. Confirm quotations, current status, and subsequent treatment against the official source before relying on the case.
Judgment reading view
Judgment text
The complete available source text.
Court record
Judgment
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BAILII >> Databases >> Irish Competition Authority Decisions >> M/17/014- Element(Capvest)/Karro [2017] IECompA m17014 (24 April 2017) URL: https://www.bailii.org/ie/cases/IECompA/2017/m17014.html Cite as: [2017] IECompA m17014 [ New search ] [ Help ] M/17/014- Element(Capvest)/Karro Page Attachments M-17-014 Merger Announcement M-17-014 Element (Capvest) Karro Transaction details The proposed acquisition whereby CapVest Partners LLP, through Element UK Bidco Limited, would acquire sole control of Karro Food Group Limited, has been cleared by the Competition and Consumer Protection Commission. Notification date Decision date Thursday March 23, 2017 Monday, April 24, 2017 Parties Involved Business activities Karro Food Group Limited Karro Food Group Limited is a UK-incorporated meat processor, focusing on the processing of and sale of pig meat. CapVest CapVest is a mid-market private equity firm headquartered in London, focusing on identifying and managing controlled investments in companies supplying essential goods and services. Economic sector Media merger Meat sector No Submissions from third parties due by: Phase 1 Phase 2 Friday, April 7, 2017 Current status: Completed Cleared (Phase 1) Authorised Officer Assigned Contact Details Han Nie Tel: (+353) 1 4703664 Email: hannie@ccpc.ie BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback | Donate to BAILII URL: https://www.bailii.org/ie/cases/IECompA/2017/m17014.html
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