ARAMARK / Veris [2009] IECompA m09021 (1 October 2009)

ARAMARK / Veris [2009] IECompA m09021 (1 October 2009)

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Parties
Acquirer: ARAMARK Corporation; Target: Subsidiaries of Veris PLC
Jurisdiction
Ireland
Judgment Date
01 October 2009
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Merger Notification, Acquisition of Control, Facility Management Services, Property Management Services
Competition Law Merger Control Merger Notification Acquisition of Control Facility Management Services Property Management Services

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Parties

ARAMARK Corporation

Acquirer

Subsidiaries of Veris PLC

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition by ARAMARK Corporation of sole control of certain subsidiaries of Veris PLC would substantially lessen competition in the provision of facility management and property management services in Ireland and the UK.

Ratio Decidendi

The Competition Authority found that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction under Phase 1 review.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition by ARAMARK Corporation of sole control of certain subsidiaries of Veris PLC is cleared.