Lone Star / Start Mortgages / Nua Mortgages [2014] IECompA m14025 (13 October 2014)

Lone Star / Start Mortgages / Nua Mortgages [2014] IECompA m14025 (13 October 2014)

The Competition Authority determined that the proposed acquisition by Lone Star Fund IX of Start Mortgages Holding Limited and Nua Mortgages Limited would not substantially lessen competition in any market for goods or services in the State.

Parties
Acquirer: Lone Star Fund IX; Target: Start Mortgages Holding Limited; Target: Nua Mortgages Limited
Jurisdiction
Ireland
Judgment Date
13 October 2014
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition, Financial Services

Case Brief

Summary, issues, holding and outcome

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Parties

Lone Star Fund IX

Acquirer

Start Mortgages Holding Limited

Target

Nua Mortgages Limited

Target

Procedural Posture

Merger Control / Phase 1 Clearance

  1. 1 Whether the proposed acquisition would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Competition Authority determined that the proposed acquisition by Lone Star Fund IX of Start Mortgages Holding Limited and Nua Mortgages Limited would not substantially lessen competition in any market for goods or services in the State.

Court Disposition

Cleared

Orders

  • The proposed acquisition is cleared under Phase 1 of the merger review process.