M/24/059 – BlackRock Global Infrastructure Fund/Lanes Group Ireland Limited
Transaction details
The proposed acquisition whereby BlackRock Global Infrastructure Fund IV SCSp, through its investment manager BlackRock Alternatives Management LLC, would acquire indirect sole control of Lanes Group Ireland Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday October 8, 2024 | Wednesday, October 30, 2024 |
| Parties Involved | Business activities |
|---|---|
| BlackRock Global Infrastructure Fund IV | BlackRock Global Infrastructure Fund IV ('BGIF IV') is an investment fund based in Luxembourg which invests in infrastructure projects worldwide, in particular in the energy, transportation and utilities sectors. BlackRock Alternatives Management LLC ('BAM') manages and controls the investment decisions of BGIF IV. BAM is ultimately owned by the BlackRock Group, a US publicly traded company active in the provision of global investment management, risk management and advisory services to retail and institutional clients. |
| Lanes Group Ireland Limited | Lanes Group Ireland Limited is a holding company for two subsidiaries active in the State in the waste and recycling sector: Acorn Recycling Limited, which trades as AQS Environmental Solutions, and ACQ Composting Limited. AQS Environmental Solutions provides operating and maintenance services to water and wastewater assets operated by municipal and industrial customers within the State. |
| Economic sector | Media merger |
|---|---|
| Waste and Recycling | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, October 24, 2024 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Sean Heeran | seanheeran@ccpc.ie |
Media enquiries: communications@ccpc.ie
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