M/19/034 – CVC Funds/Celtic Rugby DAC
Transaction details
The proposed acquisition by CVC Funds of a certain ownership interest in the businesses of Celtic Rugby DAC, has been as been cleared subject to a binding commitment, by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday November 12, 2019 | Wednesday, January 15, 2020 |
| Parties Involved | Business activities |
|---|---|
| CVC Funds | The CVC Network consists of CVC and each of its subsidiaries from time to time, and the CVC Capital Partners Advisory Group Holding Foundation and each of its subsidiaries from time to time, which are privately owned entities whose activities include providing investment advice to and/or managing investments on behalf of the CVC Funds. The CVC Funds hold interests in a number of companies in various industries including chemicals, utilities, manufacturing, retailing and distribution, primarily in Europe, the US and the Asia -Pacific Region. |
| Celtic Rugby DAC | The principal activity of Celtic Rugby is the ownership, management and commercialisation of the broadcasting and sponsorship rights of the PRO14. The PRO14 is an international professional rugby union competition involving fourteen rugby clubs; two from Scotland, two from South Africa, two from Italy, four from Wales and four from Ireland. |
| Economic sector | Media merger |
|---|---|
| Entertainment and Recreation | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, November 26, 2019 | |
| Current status: Completed |
|---|
| Cleared with agreed measures (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Kathryn MacGuill | Tel: (+353)1 4703692 E-mail: kathrynmacguill@ccpc.ie |
Media enquiries: communications@ccpc.ie
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