M/15/029 – Goldman Sachs / Piershine / Tifco
Transaction details
The proposed acquisition of Joint Control by Goldman Sachs International and Piershine Limited of Tifco Limited, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday June 23, 2015 | Wednesday, July 15, 2015 |
| Parties Involved | Business activities |
|---|---|
| Goldman Sachs International | Goldman Sachs International is ultimately owned and controlled by The Goldman Sachs Group, Inc. Goldman Sachs Group, Inc is involved in the business of investment banking and securities and investment management on a global scale. |
| Piershine Limited | Piershine is a trust company established for the purposes of holding the Holdco stake and Tifco loan notes. |
| Tifco Limited | Tifco currently owns (i) Crowne Plaza Dundalk, (ii) Crowne Plaza Northwood, (iii) Crowne Plaza Blanchardstown, and (iv) Holiday Inn Northwood. |
| Economic sector | Media merger |
|---|---|
| Hotel accommodation sector in Ireland |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Wednesday, July 8, 2015 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Andrew Rae | Tel: 01-470 3671, e-mail: andrewrae@ccpc.ie |
Media enquiries: MKC Communications: 01 7038600
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