M/24/030 – Waterland/Bellew
Transaction details
The proposed acquisition by Project Finn Bidco Limited, which forms part of a group of companies that is ultimately owned by Waterland Private Equity Investments B.V., of the entire share capital, and thus sole control, of Bellew Electrical Wholesale Limited and BEW Electrical Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday May 9, 2024 | Monday, May 27, 2024 |
| 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.'s portfolio of companies are active in a diverse range of sectors. |
| Project Finn Bidco Limited | Project Finn Bidco Limited forms part of a group of companies that are all ultimately under the management of Waterland Private Equity Investments B.V. Project Finn Bidco Limited is a subsidiary of Project Finn Topco Limited, which are newly established entities incorporated for the purpose of the proposed acquisition. |
| Bellew Electrical Wholesale Limited | Bellew Electrical Wholesale Limited is active in the wholesale of electrical goods to professionals such as electrical contractors. This includes the wholesale supply of small amounts of heating and plumbing supplies, and sale of a small amount of goods on an "over-the-counter" basis to consumers. Bellew Electrical Wholesale Limited operates in the Republic of Ireland. |
| BEW Electrical Limited | BEW Electrical Limited is active in the wholesale of electrical goods to professionals such as electrical contractors. This includes the sale of a small amount of goods on an "over-the-counter" basis to consumers. BEW Electrical Limited operates in Northern Ireland. |
| Economic sector | Media merger |
|---|---|
| Professional Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, May 23, 2024 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Helene Hololei | Email: helenehololei@ccpc.ie |
| Lucy Roche | Email: lucyroche@ccpc.ie |
Media enquiries: communications@ccpc.ie
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