The CMA is consulting on a proposed undertaking in lieu of a reference in relation to GTCR’s acquisition of Gorkana Group.
In April, the Competition and Markets Authority (CMA) announced it would consider in detail an undertaking proposed by GTCR Canyon UK Investments Ltd (GTCR) instead of referring the case for an in-depth merger investigation.
GTCR has offered to sell its Cision UK Limited and Vocus UK Limited businesses to a suitable upfront buyer able to remedy the competition concerns identified by the CMA. GTCR has proposed Access Intelligence plc or Innodata Inc. as purchasers of these businesses.
The CMA proposes to accept the proposed undertaking, which it currently considers is appropriate to remedy its competition concerns.
Before reaching a final decision, it is inviting interested parties to make their views known. The deadline for responses is 11 June 2015.
The consultation on the undertaking and all other information relating to this investigation can be found on the case page.