M/17/054 - KKR/Pepper [2017] IECompA m17054 (7 November 2017)

M/17/054 - KKR/Pepper [2017] IECompA m17054 (7 November 2017)

The Commission found no evidence that the proposed acquisition would substantially lessen competition in the relevant market and therefore cleared the transaction.

Parties
Acquirer: KKR Credit Advisors (US) LLC; Target: Pepper Group Limited
Jurisdiction
Ireland
Judgment Date
07 November 2017
Procedural Posture
Merger Clearance / Phase 1
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control
Competition Law Merger Control Acquisition Sole Control

Case Brief

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Parties

KKR Credit Advisors (US) LLC

Acquirer

Pepper Group Limited

Target

Procedural Posture

Merger Clearance / Phase 1

Legal Issues

  1. 1 Whether the proposed acquisition by KKR Credit Advisors (US) LLC of sole control of Pepper Group Limited should be cleared under competition law

Ratio Decidendi

The Commission found no evidence that the proposed acquisition would substantially lessen competition in the relevant market and therefore cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition by KKR Credit Advisors (US) LLC of sole control of Pepper Group Limited is cleared.