Fri. Jul 19th, 2024

Brussels, 11 July 2023

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Pro Mach, Inc. (‘ProMach’) by BDT Capital Partners, LLC (‘BDT’) and Leonard Green & Partners, L.P. (‘LGP’), all of the US.

ProMach is a provider of packaging machinery solutions and related aftermarket products and services serving manufacturers of all sizes and geographies across several industries. BDT is a merchant bank specialised in investments in family-owned and founder-led businesses. LGP is a private equity investment firm mainly investing in companies providing services.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of horizontal overlaps and vertical links between the activities of ProMach in the European Economic Area and the activities of both BDT and LGP. 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.11151.

Source – EU Commission

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