Carlyle / Beats [2013] IECompA m13027 (1 October 2013)

Carlyle / Beats [2013] IECompA m13027 (1 October 2013)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction in Phase 1.

Parties
Acquirer: CP V Riverdale LP (Carlyle); Target: Beats Electronics, LLC; Other: Kindle Group Limited; Other: ACT Group plc
Jurisdiction
Ireland
Judgment Date
01 October 2013
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Merger Control, Media Merger, Negative Sole Control
Competition Law Merger Control Media Merger Negative Sole Control

Case Brief

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Parties

CP V Riverdale LP (Carlyle)

Acquirer

Beats Electronics, LLC

Target

Kindle Group Limited

Other

ACT Group plc

Other

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of negative sole control of Beats Electronics, LLC by CP V Riverdale LP (Carlyle) raises competition concerns in the relevant markets.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction in Phase 1.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition of negative sole control of Beats Electronics, LLC by CP V Riverdale LP (Carlyle) is cleared.