M/18/042 - Oaktree/Alanis/Lioncor (JV) [2018] IECompA m18042 (12 September 2018)

M/18/042 - Oaktree/Alanis/Lioncor (JV) [2018] IECompA m18042 (12 September 2018)

The merger was cleared as it did not raise competition concerns, subject to binding commitments by the parties.

Parties
Acquirer: Oaktree Capital Group LLC; Acquirer: Alanis Capital Limited; Target: Lioncor Developments Limited
Jurisdiction
Ireland
Judgment Date
12 September 2018
Procedural Posture
Merger Control / Phase 1 Determination
Outcome
cleared with agreed measures
Legal Topics
Merger Control, Joint Venture, Residential Property Development

Case Brief

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Parties

Oaktree Capital Group LLC

Acquirer

Alanis Capital Limited

Acquirer

Lioncor Developments Limited

Target

Procedural Posture

Merger Control / Phase 1 Determination

  1. 1 Whether the proposed joint acquisition of Lioncor Developments Limited by Oaktree Capital Group LLC and Alanis Capital Limited raises competition concerns in the residential property development management sector.

Ratio Decidendi

The merger was cleared as it did not raise competition concerns, subject to binding commitments by the parties.

Court Disposition

cleared with agreed measures

Orders

  • Merger cleared subject to binding commitments by the parties.