OIF / Mount Kellett / Ulster Bank / Jurys Inn [2013] IECompA m13011 (15 April 2013)

OIF / Mount Kellett / Ulster Bank / Jurys Inn [2013] IECompA m13011 (15 April 2013)

The Competition Authority found that the proposed joint acquisition would not significantly impede effective competition in the hotel/hospitality sector and therefore cleared the transaction.

Parties
Acquirer: Oman Investment Fund; Acquirer: Mount Kellett Capital Management LP; Acquirer: Ulster Bank Ireland Limited; Target: Vesaway Limited t/a Jurys Inn
Jurisdiction
Ireland
Judgment Date
15 April 2013
Procedural Posture
Merger Clearance / Phase 1 Decision
Outcome
merger cleared
Legal Topics
Merger Control, Joint Acquisition, Hotel Industry
Competition Law Merger Control Joint Acquisition Hotel Industry

Case Brief

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Parties

Oman Investment Fund

Acquirer

Mount Kellett Capital Management LP

Acquirer

Ulster Bank Ireland Limited

Acquirer

Vesaway Limited t/a Jurys Inn

Target

Procedural Posture

Merger Clearance / Phase 1 Decision

Legal Issues

  1. 1 Whether the joint acquisition of Jurys Inn by OIF, Mount Kellett, and Ulster Bank raises competition concerns in the hotel/hospitality sector

Ratio Decidendi

The Competition Authority found that the proposed joint acquisition would not significantly impede effective competition in the hotel/hospitality sector and therefore cleared the transaction.

Court Disposition

merger cleared

Orders

  • The joint acquisition of Jurys Inn by OIF, Mount Kellett, and Ulster Bank is approved.