TPG IV,TPG III, T3 II/Celerity [2004] IECompA m04067 (22 November 2004)

TPG IV,TPG III, T3 II/Celerity [2004] IECompA m04067 (22 November 2004)

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.

Parties
Acquirer: TPG IV; Acquirer: TPG III; Acquirer: T3 II; Target: Celerity Group, Inc.; Target: Kinetics Chempure Systems, Inc.; Target: FTS Systems
Jurisdiction
Ireland
Judgment Date
22 November 2004
Procedural Posture
Merger Notification / Phase 1 Preliminary Investigation
Outcome
Cleared
Legal Topics
Merger Control, Asset Acquisition

Case Brief

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Parties

TPG IV

Acquirer

TPG III

Acquirer

T3 II

Acquirer

Celerity Group, Inc.

Target

Kinetics Chempure Systems, Inc.

Target

FTS Systems

Target

Procedural Posture

Merger Notification / Phase 1 Preliminary Investigation

  1. 1 Whether the proposed acquisition of assets by TPG IV, TPG III, and T3 II from Celerity Group, Kinetics Chempure Systems, and FTS Systems raises competition concerns under Irish law.

Ratio Decidendi

The proposed acquisition does not raise competition concerns and is cleared under Phase 1 investigation.

Court Disposition

Cleared

Orders

  • The transaction is approved and may proceed.