Investec / Evolution [2011] IECompA m11034 (14 October 2011)

Investec / Evolution [2011] IECompA m11034 (14 October 2011)

The Competition Authority determined that the proposed acquisition by Investec plc of sole control of Evolution Group plc does not raise competition concerns and therefore cleared the transaction under Phase 1.

Parties
Acquirer: Investec plc; Target: Evolution Group plc; Other: Town and County Investments plc; Other: Coffee Garden (Drogheda) Ltd
Jurisdiction
Ireland
Judgment Date
14 October 2011
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control
Competition Law Merger Control Acquisition Sole Control

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Parties

Investec plc

Acquirer

Evolution Group plc

Target

Town and County Investments plc

Other

Coffee Garden (Drogheda) Ltd

Other

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of sole control by Investec plc over Evolution Group plc raises competition concerns in the relevant markets

Ratio Decidendi

The Competition Authority determined that the proposed acquisition by Investec plc of sole control of Evolution Group plc does not raise competition concerns and therefore cleared the transaction under Phase 1.

Court Disposition

cleared

Orders

  • The proposed acquisition by Investec plc of sole control of Evolution Group plc is cleared under Phase 1.