Bridgepoint / Regent [2014] IECompA m14016 (11 June 2014)

Bridgepoint / Regent [2014] IECompA m14016 (11 June 2014)

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the international payments and travel money sectors and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: Bridgepoint Advisers Group Limited; Target: Regent Acquisitions (Holdings) Limited (Moneycorp)
Jurisdiction
Ireland
Judgment Date
11 June 2014
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Control, Acquisition Clearance, International Payments Sector
Competition Law Merger Control Acquisition Clearance International Payments Sector

Case Brief

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Parties

Bridgepoint Advisers Group Limited

Acquirer

Regent Acquisitions (Holdings) Limited (Moneycorp)

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of Regent Acquisitions (Holdings) Limited by Bridgepoint Advisers Group Limited would substantially lessen competition in the relevant markets.

Ratio Decidendi

The Competition Authority determined that the proposed acquisition would not substantially lessen competition in the international payments and travel money sectors and therefore cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed acquisition is cleared under Phase 1.