The Irish Competition Authority clears at phase I, an acquisition whereby an undertaking would acquire joint control with investment funds managed by affiliates (Fitzwilliam / Wittington / Apollo / Arnotts)

Introduction 1 On 27 May 2014 the Competition and Consumer Protection Commission (CCPC), Ireland’s competition agency, [1] cleared, at Phase I, the acquisition whereby Fitzwilliam Finance Partners Limited (Fitzwilliam)/Wittington Investments Limited (Wittington Canada), would acquire joint control with investment funds managed by affiliates of Apollo Management LP (Apollo) of Arnotts Holdings Limited (Arnotts). [2] It was determined that the merger would not lead to a substantial lessening of competition (SLC), the competition test used by the CCPC. The transaction was notified to the CCPC on 19 March 2014. There was no appeal on the CCPC’s decision. [3]2 The Fitzwilliam/Wittington Canada/Arnotts merger was a referral to the CCPC under Article 4(4) of the Council Regulation (EC) No

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Paul Gorecki, The Irish Competition Authority clears at phase I, an acquisition whereby an undertaking would acquire joint control with investment funds managed by affiliates (Fitzwilliam / Wittington / Apollo / Arnotts), 27 May 2014, e-Competitions May 2014, Art. N° 81736

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