M/15/001 – Cinven / PCL
Transaction details
The proposed acquisition by Cinven Capital Management (V) General Partner Limited of Premium Credit Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Monday January 19, 2015 | Thursday, February 19, 2015 |
| Parties Involved | Business activities |
|---|---|
| Cinven Capital Management (V) General Partner Limited | The Cinven Group is active in the provision of investment management advice and services to a number of private equity funds that invest in portfolio companies active in a wide variety of sectors including: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications. |
| Premium Credit Limited | Premium Credit Limited is active in the market for financing of insurance premiums and instalment services in the UK and Ireland. |
| Economic sector | Media merger |
|---|---|
| The supply of financing for four types of insurance and non-insurance products. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, February 2, 2015 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Andrew Rae | Tel: 01-470 3671, e-mail: andrewrae@ccpc.ie |
Media enquiries: MKC Communications: 01 7038600
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Competition and Consumer Protection Commission
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