Transaction details
The proposed acquisition by Cinven Capital Management (V) General Partner Limited of Premium Credit Limited, has been cleared by the Competition and Consumer Protection Commission.
| Economic sector | Media merger |
| The supply of financing for four types of insurance and non-insurance products. | No |
Notification date: Monday, January 19, 2015
| Parties Involved | Business activities |
| Cinven Capital Management (V) General Partner Limited | The Cinven Group is active in the provision of investment management advice and services to a number of private equity funds that invest in portfolio companies active in a wide variety of sectors including: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications. |
| Premium Credit Limited | Premium Credit Limited is active in the market for financing of insurance premiums and instalment services in the UK and Ireland. |
| The Cinven Group is active in the provision of investment management advice and services to a number of private equity funds that invest in portfolio companies active in a wide variety of sectors including: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications. |
| Premium Credit Limited is active in the market for financing of insurance premiums and instalment services in the UK and Ireland. |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Monday, February 2, 2015 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Thursday, February 19, 2015
