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Matthew Gaved

Added Value Capital Partners (AVCP) (Royston), Tissuomics

Economist (Partner)

Dr. Matthew Gaved is a Partner at Added Value Capital Partners. He is the Co-Founder of the firm. Dr. Gaved also serves as the Co-Founder and Chief Executive Officer at Tissuomics Ltd. He has board experience as a director of a number of Cambridge-based technology companies including; Antenova (antennae for mobile network devices), IDTechEx (RFID specialists), Datanomic (data quality and risk management systems), Polatis optical network switches) and Astron Clinica (medical technology, until 2003). He was also a co-founder of Antenova, IDTechEx and Datanomic. In December 2009 he joined the Board of Datanomic as a non-executive Director. He has specialised in the field of corporate governance and carried out extensive research into the role of institutional investors in the control of failing public companies and the role of investor relations and stakeholder communications in corporate governance processes. For five years he was the Editor of the international newsletter ’Governance’ and had reports published by the ICAEW, The Conference Board and the OECD. Dr Gaved’s earlier career was in sales and marketing roles in the UK and internationally for consumer brands. This included a period working in Singapore for a specialist consumer products distribution company. Matthew Gaved has a BSc from Durham University, an MBA from the London Business School (LBS), an International Management Programme diploma (LBS/HEC France/NYU) and a PhD from the London School of Economics. He has also recently completed a Masters in Finance, also at LBS.

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Articles

30640 Bulletin

Matthew Gaved The UK Office of Fair Trading clears a merger in the aggregates sector subject to divestments which ultimately led to Office of Fair Trading’s refusal to approve a purchaser (Aggregate Industries/Foster Yeoman)

22 December 2006 1974

The operation Aggregate Industries Limited (“AI”), a wholly-owned subsidiary of Holcim Limited, is an aggregates, construction and building materials group. It produces and supplies aggregates, asphalt, concrete products and also supplies road surfacing services. It has 80 aggregate sites (...)

Matthew Gaved The UK Office of Fair Trading clears a merger in the retail market for new and used cars, subject to the divestment of four car dealerships (Pendragon/Reg Vardy)

18 October 2006 2202

The operation Pendragon plc (“Pendragon”) is active in the UK in the retail sale, contract hire and leasing of new and used vehicles and associated servicing, repair and spare part supply services. Reg Vardy plc (Reg Vardy) is also active in these sectors. Pendragon acquired Reg Vardy on 14 (...)

Matthew Gaved The UK Office of Fair Trading clears a newspaper publishing merger, subject to the divestment of a farming magazine in Northern Ireland (Johnston Press/Local Press)

6 October 2006 2089

The operation Johnston Press plc (“Johnston”) publishes local newspapers throughout the UK, including 23 local weekly newspapers and one farming periodical in Northern Ireland. Local Press Ltd (“Local”) publishes eight newspapers in Northern Ireland through two separate companies: Derry Journal (...)

Matthew Gaved The UK Office of Fair Trading clears a merger in the public gaming sector, subject to the divestment of one bingo club (Gala/County)

31 July 2006 2001

The operation Gala Leisure Limited (“Gala”) is an operator of licensed bingo clubs in the UK. Its activities in the wider leisure sector include the operation of casinos, licensed betting offices (LBOs) and Internet gaming. County Properties and Development Ltd (“County”), is a family-owned (...)

Matthew Gaved The UK Office of Fair Trading clears a merger in the market for funeral services, subject to the divestment of funeral businesses in five areas (Co-op/ and Fairways)

19 July 2006 1915

The operation The Co-operative Group (CWS) Limited (“CGL”) is active in the UK in food retailing, pharmacies, banking, travel agency and optical services. It supplies funeral services through its Funeralcare business. Funeralcare also manufactures coffins and wholesales funeral accessories such (...)

Matthew Gaved The UK Competition Authority clears a merger in the market for the supply of retail pharmacy services, subject to the divestment of a large number of stores (Boots / Alliance Unichem)

6 February 2006 2422

The operation Boots operates 1,423 health and beauty stores in the UK and operates pharmacies in 1,350 of these stores. It intended to acquire Alliance UniChem, an international pharmaceutical distribution company, which operates 958 pharmacies in the UK. The market(s) The OFT considered the (...)

Matthew Gaved The UK Office of Fair Trading clears a merger in the bookmaking sector, subject to the divestment of licensed betting offices in four specific localities (Hilton Group/Jack Brown)

27 September 2005 1962

The operation Hilton Group plc (“Hilton”) through Ladbroke Racing (Reading) Limited (“Ladbroke”) provides bookmaking services through 1,973 licensed betting offices (LBOs) in the United Kingdom and also operates an internet and telephone betting business. Jack Brown (Bookmaker) Limited (“Jack (...)

Matthew Gaved The UK Office of Fair Trading clears a merger in the bookmaking sector, subject to the divestment of licensed betting offices in 79 specific localities (William Hill/Stanley Leisure)

1 August 2005 1876

The operation William Hill plc provides bookmaking services through 1,613 licensed betting offices (LBOs) in the United Kingdom (UK). It also operates an on-course betting business in the UK and an internet and telephone betting business taking bets from UK and non-UK customers (‘punters’). (...)

Matthew Gaved The UK Office of Fair Trading clears a merger of cinema chains, having accepted undertakings in lieu of making a reference to the Competition Commission (Blackstone/UGC)

3 April 2005 2209

The operation The Blackstone Group (“Blackstone”) is an international private equity investment and advisory group. On 13 October 2004, it acquired the Cine-UK (branded Cineworld) cinema chain, which operates 34 multiplex cinemas in the UK. UGC Cinemas Holdings Limited (“UGC”) is a UK and Irish (...)

Matthew Gaved The UK Secretary of State accepted behavioural undertakings to address national security public interest concerns in relation to a merger in the avionics sector (Finmeccanica / BAES)

14 March 2005 1911

The operation BAE Systems (“BAES”) and Finmeccanica are international manufacturers of defence and commercial aerospace systems, including military aircraft, helicopters, surface ships, submarines, radar, avionics, communications, electronics and weapons systems. On 27 January 2005 Finmeccanica (...)

Matthew Gaved The UK Office of Fair Trading clears the acquisition of a multiplex cinemas chain by a private equity firm which had recently acquired the UK’s largest cinema chain, subject to 11 locality specific divestments (Terra Firma/UCI)

7 January 2005 1999

The operation Terra Firma is one of the UK’s largest private equity (PE) fund managers. In September 2004 PE funds controlled by Terra Firma acquired Odeon Equity Co. Limited (“Odeon”), the largest cinema exhibitor in the UK. Odeon has 95 cinemas comprising a mix of multiplex (more than one (...)

Matthew Gaved The UK Office of Fair Trading clears the acquisition of a chain of 432 pubs by an integrated brewer, beer distributor and pub chain subject to the divestment of 13 pubs in seven administrative licensing areas (Greene King/Laurel Pub Holdings)

9 August 2004 2015

The operation Greene King plc is an integrated brewer, beer distributor and pub company which owns approximately 3% of the 60,000 pubs in Great Britain. Laurel Pub Holdings Limited (“Laurel”) was a vehicle used by its owner, Morgan Grenfell Private Equity Ltd, to enable the transfer to a new (...)

Matthew Gaved The UK Office of Fair Trading clears the acquisition of a rail passenger services franchise by an existing operator of rail and bus services subject to behavioral remedies (Arriva / Wales and Borders rail franchise)

9 July 2004 2337

The operation Arriva plc (“Arriva”) operates an extensive range of public transport services across the UK, including buses, trains and commuter coaches. Arriva Passenger Services Limited (“APS”) is the holding company for a number of bus subsidiaries, including companies which operate in Wales (...)

Matthew Gaved The UK Competition Authority clears a merger in the IT software sector subject to the divestment of a stand-alone business operating in the healthcare sector (iSOFT / Torex)

24 March 2004 3728

The operation iSOFT provides software and systems to healthcare provider organisations including the NHS. Torex provides healthcare technology software and systems for healthcare providers to GPs, laboratories, hospitals and community care. Torex also provides the hardware, installation and (...)

8736 Review

Emmanuel Frot, Gildas de Muizon, Justin Menezes, Matthew Gaved Remedies and merger control (Paris, April 20th 2012)

September 2012 653

The question of remedies, their design, their effectiveness, their implementation and their monitoring is a challenging issue for both the competition authorities and merging companies. The articles in this issue transcribe some interventions made at the recent conference organized by (...)

Laurent Nouvel, Matthew Gaved, Nadine Mouy, Nathalie Jalabert-Doury, Thomas Hoehn Merger remedies: A call for a stricter control

May 2007 8083

The credibility of the system of merger control relies on the fact that firms comply with the remedies. The importance of this issue has been increased by the development of behavioural remedies and by the increasing complexity of the different types of structural remedies. In this context, the (...)