Barclays/ Global Refund [2007] IECompA m07044 (17 August 2007)

Barclays/ Global Refund [2007] IECompA m07044 (17 August 2007)

The Competition Authority found that the proposed acquisition by Barclays Private Equity of Global Refund would not substantially lessen competition and therefore cleared the transaction at Phase 1.

Parties
Acquirer: Barclays Private Equity Limited; Target: Global Refund Holdings BV; Target: Gallaropoli BV; Related Party: Stellar International Limited; Related Party: Dotinga Investments B.V.; Related Party: Celtic International Insurance Limited
Jurisdiction
Ireland
Judgment Date
17 August 2007
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition, Financial Services

Case Brief

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Parties

Barclays Private Equity Limited

Acquirer

Global Refund Holdings BV

Target

Gallaropoli BV

Target

Stellar International Limited

Related Party

Dotinga Investments B.V.

Related Party

Celtic International Insurance Limited

Related Party

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition would substantially lessen competition in the relevant market

Ratio Decidendi

The Competition Authority found that the proposed acquisition by Barclays Private Equity of Global Refund would not substantially lessen competition and therefore cleared the transaction at Phase 1.

Court Disposition

Cleared

Orders

  • The proposed acquisition is cleared under Phase 1 of the merger review process.