Brussels, 21 April 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of part of the MBCC Group (‘MBCC Divestment Business’) by Cinven Partnership LLP (‘Cinven’) of the UK.
The MBCC Divestment Business comprises the admixture systems business of the MBCC Group in the European Economic Area (‘EEA’), Australia, Canada, New Zealand, Switzerland, the UK and the US, as well as the construction systems business of the MBCC Group in Australia and New Zealand. Cinven is a private equity firm engaged in the provision of investment management and investment advisory services to a number of investment funds.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that the companies are not active in the same or related markets. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11099.
Source – EU Commission