M/13/011 – OIF / Mount Kellett / Ulster Bank / Jurys Inn
Transaction details
The proposed acquisition of a joint controlling stake in Jurys Inn group of hotels by the Oman Investment Fund, Mount Kellett Capital Management LP and Ulster Bank Ireland Limited has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Monday April 15, 2013 | Tuesday, May 7, 2013 |
| Parties Involved | Business activities |
|---|---|
| Oman Investment Fund | OIF is a sovereign wealth fund that makes private equity investments in companies of a production and/or services nature both globally and domestically with the objective of making financial returns. OIF currently has joint control over Jurys Inn through its wholly owned subsidiary the Irish Acquisition Company S.á.r.l. |
| Mount Kellett Capital Management LP | Mount Kellett is a multi-strategy investment firm focussed on opportunistic and special situation investments globally across asset classes, industries and geographies. |
| Ulster Bank Ireland Limited | Ulster Bank is a wholly owned subsidiary of the RBS Group. Ulster Bank has 1.9 million personal and business customers through 236 outlets across the island of Ireland and a business banking presence in every county. |
| Vesaway Limited t/a Jurys Inn | Jurys Inn has 32 hotels located in cities throughout the UK, Ireland and the Czech Republic. |
| Economic sector | Media merger |
|---|---|
| Hotel/hospitality industry | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, April 25, 2013 | |
| 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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