Montagu / ParentPay merger inquiry
The CMA is investigating the anticipated acquisition by Montagu Private Equity LLP where it agreed to (i) acquire certain ParentPay (Holdings) Limited (PPH) securities, and (ii) sell its shares in Capita ESS Limited (ESS) to PPH, in consideration for further securities in PPH.
Statutory timetable
| Date | Action |
|---|---|
| 12 July 2021 | Phase 1 decision announced |
| 14 May 2021 | Launch of merger inquiry |
| 10 May 2021 to 24 May 2021 | Invitation to comment |
Phase 1
CMA clearance decision
12 July 2021: The CMA has cleared the anticipated acquisition by Montagu Private Equity LLP where it agreed to (i) acquire certain ParentPay (Holdings) Limited (PPH) securities, and (ii) sell its shares in ESS to PPH, in consideration for further securities in PPH.
- (24.8.21)
- (12.7.21)
Launch of merger inquiry
14 May 2021: The CMA announced the launch of its merger inquiry by notice to the parties.
- (17.5.21)
Invitation to comment closed: 24 May 2021
10 May 2021: The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
To assist it with this assessment, the CMA invites comments on the transaction from any interested party.
These comments should be provided by the deadline set out above.
Contact
Please send written representations about any competition issues to: general.enquiries@cma.gov.uk.
Last updated 24 August 2021 + show all updates
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Full text of the clearance decision published.
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Clearance decision and summary of the decision published.
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Launch of merger inquiry announced.
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First published.