M/10/025 – Oaktree / Stolberg / Beluga
Transaction details
The proposed acquisition of joint control of Beluga Group GmbH by Oaktree Management LP and Mr Niels Stolberg has today (23 August 2010) been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Wednesday August 4, 2010 | Monday, August 23, 2010 |
| Parties Involved | Business activities |
|---|---|
| Oaktree Management LP | Oaktree is an investment management firm whose core activity focuses on investments in specialised private equity (including power infrastructure), distressed debt, high yield and convertible bonds, emerging markets and Japanese securities, real estate and mezzanine finance. |
| Mr Niels Stolberg | Mr Stolberg currently solely owns Beluga |
| Beluga Group GmbH | Beluga is active in the heavy-lift and project shipping industry. |
| Economic sector | Media merger |
|---|---|
| Financial services and the shipping industry | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Saturday, August 14, 2010 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Barry O'Donnell | Tel: 01-804 5396, email: bod@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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