Oaktree -with- Beluga (Financial services and the shipping industry) [2011] IECompA M11007 (01 March 2011)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Citation: [2011] IECompA M11007
Parties: Acquirer: Oaktree Management, L.P.; Target: Beluga-Group
Jurisdiction: Ireland
Judgment Date: 01 March 2011
Procedural Posture: Merger Notification / Phase 1 Clearance
Outcome: cleared
Legal Topics: Merger Control, Acquisition of Sole Control

Competition Law Corporate Law Merger Control Acquisition of Sole Control

Case Brief

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Parties

Oaktree Management, L.P.

Acquirer

Beluga-Group

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of sole control of Beluga-Group by Oaktree Management, L.P. is compatible with competition law requirements

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in the relevant markets and therefore cleared the transaction.

Court Disposition

cleared

Orders

The proposed acquisition of sole control of Beluga-Group by Oaktree Management, L.P. is cleared.