M/12/005 – Apollo EPF / MBNA
Transaction details
The proposed acquisition of certain assets of MBNA Europe Bank Limited by Apollo European Principal Finance Fund, L.P., has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Tuesday March 27, 2012 | Wednesday, April 25, 2012 |
| Parties Involved | Business activities |
|---|---|
| Apollo European Principal Finance Fund, L.P. | Apollo EPF is an investment fund managed by Apollo EPF Advisors, L.P., an affiliate of Apollo Management L.P. Investment. Funds managed by affiliates of Apollo Management L.P. invest in companies involved in various businesses throughout the world. |
| MBNA Europe Bank Limited | MBNA is a credit card business. |
| Economic sector | Media merger |
|---|---|
| Apollo is active in global alternative asset management and MBNA is a credit card business. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, April 6, 2012 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Elaine Cahill & Andrew Rae | 01-804 5482 / 5420, email: ec@tca.ie / ar@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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Competition and Consumer Protection Commission
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Tel +353 (0)1 402 5500
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