M/19/028 - Apollo Capital Management L.P. / PK AirFinance [2019] IECompA m19028 (14 November 2019)

M/19/028 - Apollo Capital Management L.P. / PK AirFinance [2019] IECompA m19028 (14 November 2019)

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 at Phase 1.

Parties
Acquirer: Apollo Capital Management L.P.; Target: PK Airfinance
Jurisdiction
Ireland
Judgment Date
14 November 2019
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Notification, Acquisition Clearance
Competition Law Merger Notification Acquisition Clearance

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Parties

Apollo Capital Management L.P.

Acquirer

PK Airfinance

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition of PK Airfinance by Apollo Capital Management L.P. raises competition concerns under Irish merger control law

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 at Phase 1.

Court Disposition

Cleared

Orders

  • The proposed acquisition of shares and assets constituting the business of PK Airfinance by Apollo Capital Management L.P. is cleared under Irish merger control law.