SEP / ESB NM / Geothermal International [2012] IECompA m12003 (22 March 2012)

SEP / ESB NM / Geothermal International [2012] IECompA m12003 (22 March 2012)

The Competition Authority found that the acquisition of joint control of Geothermal International Limited by Scottish Equity Partners LLP and ESB Novusmodus Limited Partnership does not raise competition concerns and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Scottish Equity Partners LLP; Acquirer: ESB Novusmodus Limited Partnership; Target: Geothermal International Limited
Jurisdiction
Ireland
Judgment Date
22 March 2012
Procedural Posture
Merger Control / Decision (phase 1 Clearance)
Outcome
cleared
Legal Topics
Merger Control, Joint Control Acquisition
Competition Law Merger Control Joint Control Acquisition

Case Brief

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Parties

Scottish Equity Partners LLP

Acquirer

ESB Novusmodus Limited Partnership

Acquirer

Geothermal International Limited

Target

Procedural Posture

Merger Control / Decision (phase 1 Clearance)

Legal Issues

  1. 1 Whether the proposed acquisition of joint control of Geothermal International Limited by Scottish Equity Partners LLP and ESB Novusmodus Limited Partnership raises competition concerns.

Ratio Decidendi

The Competition Authority found that the acquisition of joint control of Geothermal International Limited by Scottish Equity Partners LLP and ESB Novusmodus Limited Partnership does not raise competition concerns and therefore cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed acquisition is cleared under Phase 1.