M/12/016 – Cerberus / BancTec
Transaction details
The proposed acquisition of BancTec Inc, by Cerberus Capital Partners L.P. has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Monday August 20, 2012 | Wednesday, September 19, 2012 |
| Parties Involved | Business activities |
|---|---|
| The Cerberus Group | The Cerberus Group is active in investments in real property and personal property of all kinds including, but not limited to, capital stock, depositary receipts, investment companies, mutual funds, subscriptions, warrants, bonds, notes, debentures, options and other securities of various kinds in diverse industries worldwide. |
| BancTec Inc | BancTec is a global provider of software and outsourcing solutions for high volume paper and electronic payment processing and document management. |
| Economic sector | Media merger |
|---|---|
| IT / business support services industry | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, August 30, 2012 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Andrew Rae | Tel: 01-804 5420, email: ar@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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