Man Group / New Smith [2015] IECompA m15012 (10 March 2015)

Man Group / New Smith [2015] IECompA m15012 (10 March 2015)

The Competition and Consumer Protection Commission determined that the proposed acquisition did not raise competition concerns and cleared the merger in Phase 1.

Parties
Acquirer: Man Group Holdings Limited; Target: New Smith Asset Management LLP
Jurisdiction
Ireland
Judgment Date
10 March 2015
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
merger cleared
Legal Topics
Merger Control, Asset Management

Case Brief

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Parties

Man Group Holdings Limited

Acquirer

New Smith Asset Management LLP

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

  1. 1 Whether the proposed acquisition of sole control by Man Group Holdings Limited over certain assets of New Smith Asset Management LLP raises competition concerns.

Ratio Decidendi

The Competition and Consumer Protection Commission determined that the proposed acquisition did not raise competition concerns and cleared the merger in Phase 1.

Court Disposition

merger cleared

Orders

  • The proposed acquisition is cleared under Phase 1.