M/18/011 Anchorage/Ideal Standard
Transaction details
The proposed acquisition by funds managed by Anchorage Capital Group, L.L.C. of sole control over Ideal Standard International S.A. has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday February 1, 2018 | Friday, March 9, 2018 |
| Parties Involved | Business activities |
|---|---|
| Anchorage Capital Group, L.L.C. | Anchorage Capital Group, L.L.C. is a New York based registered investment adviser founded in 2003. The firm manages private investment funds across the credit, special situations and illiquid investment markets of North America and Europe, with particular focus on defaulted and leveraged issuers. Anchorage Capital Group L.L.C's activities in Ireland are primarily in the telecommunications sphere. |
| Ideal Standard International S.A. | Ideal Standard International S.A. is a privately owned company with corporate headquarters in Zaventem near Brussels, Belgium. The company manufactures and supplies bathroom and kitchen products. It operates 18 manufacturing sites and services over 60 countries in Europe, the Middle East and Africa. |
| Economic sector | Media merger |
|---|---|
| Supply of bathroom and kitchen equipment | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, February 16, 2018 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Han Nie | Tel: (+353) 1 4703664 |
Media enquiries: doireannsweeney@ccpc.ie
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