M/23/057 – Waterland/Gaffney Mechanical
Transaction details
The proposed acquisition by Waterland Private Equity Investments B.V., through its indirectly wholly-owned subsidiary NetZero BidCo Limited, of the entire issued share capital, and thus sole control, of Gaffney Mechanical Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday October 26, 2023 | Tuesday, November 14, 2023 |
| Parties Involved | Business activities |
|---|---|
| Waterland Private Equity Investments B.V. | Waterland Private Equity Investments B.V. is an Alternative Investment Fund Manager regulated by the Netherlands Authority for Financial Markets. Waterland Private Equity Investments B.V. focuses on investing in ageing population, outsourcing and digitalisation, leisure and luxury, and sustainability markets. |
| NetZero BidCo Limited | NetZero BidCo Limited is a newly-established entity incorporated for the purposes of the proposed acquisition. NetZero BidCo Limited is under the sole control of Waterland Private Equity Investments B.V. |
| Gaffney Mechanical Limited | Gaffney Mechanical Limited is active in the provision of mechanical engineering services with a particular focus on the provision of heating and plumbing services. Heating and plumbing services can be considered to cover the design, installation, repair and maintenance of heating, ventilation and air conditioning systems, plumbing systems and drainage systems in industrial, commercial and residential units. |
| Economic sector | Media merger |
|---|---|
| Professional Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, November 13, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| David Sheahan | Email: davidsheahan@ccpc.ie |
Media enquiries: communications@ccpc.ie
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Competition and Consumer Protection Commission
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