M/17/33 - KKR / Hitachi Kokusai [2017] IECompA m1733 (5 July 2017)

M/17/33 - KKR / Hitachi Kokusai [2017] IECompA m1733 (5 July 2017)

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Parties
Acquirer: KKR & Co. L. P.; Target: Hitachi Kokusai Electric Inc.
Jurisdiction
Ireland
Judgment Date
05 July 2017
Procedural Posture
Merger Clearance / Phase 1 Decision
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control, Semiconductor Manufacturing Equipment
Competition Law Merger Control Acquisition Sole Control Semiconductor Manufacturing Equipment

Case Brief

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Parties

KKR & Co. L. P.

Acquirer

Hitachi Kokusai Electric Inc.

Target

Procedural Posture

Merger Clearance / Phase 1 Decision

Legal Issues

  1. 1 Whether the proposed acquisition by KKR & Co. L. P. of sole control of the thin film process solutions business of Hitachi Kokusai Electric Inc. raises competition concerns.

Ratio Decidendi

The Competition and Consumer Protection Commission determined that the proposed acquisition would not substantially lessen competition in the relevant market and cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition by KKR & Co. L. P. of sole control of the thin film process solutions business of Hitachi Kokusai Electric Inc. is cleared.