Permira / Towry Group merger inquiry

The CMA investigated the anticipated acquisition by Permira Holdings Limited of TL JerseyCo Finance Limited (Towry Group).

Statutory timetable

Phase 1 date Action
6 July 2016 Decision published
27 June 2016 Decision announced
19 May to 3 June 2016 Invitation to comment
19 May 2016 Launch of merger inquiry

Phase 1

CMA clearance decision

27 June 2016: The CMA has cleared the anticipated acquisition by Permira Holdings Limited of TL JerseyCo Finance Limited (Towry Group). The full text of the decision is available below.

Invitation to comment: Now closed

19 May 2016: The CMA is considering whether it is or may be the case that this transaction has resulted 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 has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

19 May 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

Contact

Please send written representations about any competition issues to:

Carole Bowley / Adriano Basso
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

carole.bowley@cma.gsi.gov.uk, adriano.basso@cma.gsi.gov.uk

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