M/11/033 – Varde / SAV
Transaction details
The proposed acquisition by Varde Partners Inc. (on behalf of itself and Varde Affiliated Funds) of the entire issued share capital of SAV Credit Limited has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Monday October 10, 2011 | Thursday, October 27, 2011 |
| Parties Involved | Business activities |
|---|---|
| Varde Partners Inc. | Varde Partners is a leading global investor in credit and event-driven strategies with over US$7 billion assets under management. |
| SAV Credit Limited | SAV was founded in 2000, and is a leading UK specialist credit card lender with around 500,000 accounts and around £600 million in credit card assets under management. |
| Economic sector | Media merger |
|---|---|
| Credit cards and credit insurance services. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, October 21, 2011 | |
| 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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Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555