M/20/003 – Link Group/Pepper
Transaction details
Link Group has informed the Competition and Consumer Protection Commission (CCPC) that it has decided not to proceed with acquiring Pepper and considers the proposed transaction to be withdrawn. The CCPC will now close its investigation into the proposed transaction and no determination will be issued.
| Notification date | Decision date |
|---|---|
| Monday February 10, 2020 | |
| Parties Involved | Business activities |
|---|---|
| Link Group | Link Group Administration Limited is a 100% owned subsidiary of Link Administration Holdings Limited, a publicly listed company on the Australian Stock Exchange. Link Group is a multinational provider of technology-led financial administration solutions (e.g., pension and fund administration). In the State, Link Group is predominantly active in the provision of non-performing loans servicing and financial services outsourcing. |
| Pepper | Pepper is a wholly owned standalone business within the Pepper Group. The Pepper Group is an international consumer finance business, third-party loan services and asset manager. In the State, Pepper is predominantly active in the provision of non-performing loans servicing and financial services outsourcing. |
| Economic sector | Media merger |
|---|---|
| Financial and Insurance Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, February 21, 2020 | Thursday, August 13, 2020 |
| Date of Requirement for Information | Date Information Received |
|---|---|
| Friday, August 28, 2020 |
| Current status: Completed |
|---|
| Withdrawn |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Tommy Burke | Tel: (+353)1 402 5503 E-mail: tommyburke@ccpc.ie |
Media enquiries: communications@ccpc.ie
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