M/17/014- Element(Capvest)/Karro [2017] IECompA m17014 (24 April 2017)

M/17/014- Element(Capvest)/Karro [2017] IECompA m17014 (24 April 2017)

The Commission 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.

Parties
Acquirer: CapVest Partners LLP; Acquirer Vehicle: Element UK Bidco Limited; Target: Karro Food Group Limited
Jurisdiction
Ireland
Judgment Date
24 April 2017
Procedural Posture
Merger Notification / Phase 1 Clearance
Outcome
cleared
Legal Topics
Merger Notification, Acquisition of Control, Clearance Decision
Competition Law Merger Control Merger Notification Acquisition of Control Clearance Decision

Case Brief

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Parties

CapVest Partners LLP

Acquirer

Element UK Bidco Limited

Acquirer Vehicle

Karro Food Group Limited

Target

Procedural Posture

Merger Notification / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition would substantially lessen competition in any market for goods or services in the State.

Ratio Decidendi

The Commission 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.

Court Disposition

cleared

Orders

  • The proposed acquisition is cleared under Section 21(2)(a) of the Competition Act 2002 (as amended).