|Phase 1 date
|9 June 2017
||Undertakings in lieu of reference accepted
|31 March 2017
||Extension of consideration of undertakings in lieu (UILs)
|20 February 2017
|30 January 2017
|30 November 2016
||Launch of merger inquiry
|1 December to 15 December 2016
||Invitation to comment
|8 September 2016
||Initial enforcement order
Undertakings in lieu of reference accepted
9 June 2017: The CMA has accepted undertakings in lieu of reference for the completed acquisition by SSCP Spring Topco Limited, providing fostering services in the UK inter alia through its affiliated entity the National Fostering Agency Limited, of Acorn Care 1 Limited. A copy of the undertakings and the decision are available below.
Undertakings in lieu of reference consultation: now closed
9 May 2017: We are consulting on proposed undertakings in lieu (UIL) of a reference for the completed acquisition by SSCP Spring Topco Limited, providing fostering services in the UK inter alia through its affiliated entity the National Fostering Agency Limited, of Acorn Care 1 Limited.
Extension of considerations of undertakings in lieu
31 March 2017: The CMA has extended the consideration of UILs until 9 June 2017.
CMA to consider undertakings offered
13 February 2017: The CMA considers that there are reasonable grounds for believing that the undertakings offered by the parties, or a modified version of them, might be accepted by the CMA under the Enterprise Act 2002. A copy of the decision is available below.
Reference unless undertakings accepted
30 January 2017: The CMA has decided, on the information currently available to it, that it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. This merger will be referred for a phase 2 investigation unless SSCP Spring Topco Limited, the top UK holding company of the National Fostering Agency group, offers acceptable undertakings to address these competition concerns. The full text of the decision is available below.
Launch of merger inquiry
30 November 2016: The CMA announced the launch of its merger inquiry by notice to the parties.
1 December 2016: 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.
Initial enforcement order
12 September 2016: On 8 September 2016, the CMA served an initial enforcement order under section 72 (2) of the Enterprise Act 2002 on Stirling Square Capital Partners LLP, Stirling Square Capital Partners Holdings Limited, Stirling Square Capital Partners Second Fund Holdings Limited and Stirling Square Capital Partners Third Fund Holdings Limited (collectively Stirling Group) and SSCP Spring Topco Limited (SSCP Spring) in relation to the completed acquisition of Acorn Care 1 Limited.
Please send written representations about any competition or public interest to:
Competition and Markets Authority