M/18/055 - DTZ Worldwide Limited/ Sherry FitzGerald (Commercial) [2018] IECompA m18055 (29 August 2018)

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties: Acquirer: DTZ Worldwide Limited; Target: Sherry FitzGerald (Ireland) Holdings Limited; Target Subsidiary: Sherry FitzGerald (Commercial) Limited
Jurisdiction: Ireland
Judgment Date: 29 August 2018
Procedural Posture: Merger Control / Phase 1 Clearance
Outcome: Cleared
Legal Topics: Merger Control, Acquisition, Sole Control, Commercial Property Services

Competition Law Merger Control Acquisition Sole Control Commercial Property Services

Case Brief

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Parties

DTZ Worldwide Limited

Acquirer

Sherry FitzGerald (Ireland) Holdings Limited

Target

Sherry FitzGerald (Commercial) Limited

Target Subsidiary

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

1 Whether the proposed acquisition of sole control by DTZ Worldwide Limited over Sherry FitzGerald (Ireland) Holdings Limited and its subsidiary would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

Cleared

Orders

The proposed acquisition by DTZ Worldwide Limited of sole control of Sherry FitzGerald (Ireland) Holdings Limited and its majority owned subsidiary Sherry FitzGerald (Commercial) Limited is cleared.