M/19/034 - CVC Funds/ Celtic Rugby DAC [2020] IECompA m19034 (15 January 2020)

M/19/034 - CVC Funds/ Celtic Rugby DAC [2020] IECompA m19034 (15 January 2020)

The Commission determined that the proposed acquisition would not substantially lessen competition in any market, subject to a binding commitment provided by the parties.

Parties
Acquirer: CVC Funds; Target: Celtic Rugby DAC
Jurisdiction
Ireland
Judgment Date
15 January 2020
Procedural Posture
Merger Control / Phase 1 Clearance With Conditions
Outcome
Cleared with agreed measures
Legal Topics
Merger Control, Media Mergers, Sports Broadcasting Rights

Case Brief

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Parties

CVC Funds

Acquirer

Celtic Rugby DAC

Target

Procedural Posture

Merger Control / Phase 1 Clearance With Conditions

  1. 1 Whether the proposed acquisition by CVC Funds of an ownership interest in Celtic Rugby DAC raises competition concerns in the relevant markets

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in any market, subject to a binding commitment provided by the parties.

Court Disposition

Cleared with agreed measures

Orders

  • Acquisition cleared subject to a binding commitment by the parties