The Turkish Competition Authority approves the transaction concerning the indirect acquisition of joint control over a chemical company by an investment fund (Cinven / Vakıf / Barentz)

This case summary concerns an analysis of the Board’s Cinven/Vakıf/Barentz decision, in which the Board evaluated the acquisition of joint control over H.L. Barentz B.V. (“ Barentz ”) by (i) an investment fund, which was ultimately controlled by Cinven Capital Management (VI) General Partner Limited (“ Cinven ”), and (ii) Stichting Barentz Beheer (“Vakıf”) through HLB Bidco B.V. (“ Bidco ”) , a special purpose vehicle (“ SPV ”) incorporated for the purposes of the proposed transaction. Further to its substantive assessment, the Board decided that, as the applicable jurisdictional thresholds had been satisfied and the joint venture could be considered as a full-function joint venture, the transaction required a mandatory merger control filing in Turkey. Consequently, the Board reviewed the proposed

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Eda Duru, The Turkish Competition Authority approves the transaction concerning the indirect acquisition of joint control over a chemical company by an investment fund (Cinven / Vakıf / Barentz), 22 November 2019, e-Competitions Turkish Antitrust, Art. N° 96510

Visites 41

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues