Brussels, 11 October 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of ESDEC SOLAR GROUP B.V. (‘Esdec’) by Rivean Capital B.V. (‘Rivean’), both of the Netherlands, and Blackstone Inc. of the US. Esdec is a supplier and distributor of professional solar panel mounting systems primarily for residential and commercial roofs. Rivean is a European middle market private equity investor. Blackstone is a global alternative asset manager. The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies’ activities and the fact that they are not active on 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.10883.
Source – EU Commission