PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/26 - Cinven / ETC
Acquiring
Cinven Capital Management (VII) General Partner Limited
Description
International private equity firm seeking to invest in European and North American companies operating in the business services, consumer, financial services, healthcare, industrial technology, media and telecommunications sectors.
Acquired
ETC
Description
Company currently owned by CETP IV Investment 1 S.à.R.L.. It is dedicated to the supply of telecommunications cables (its main activity) and the distribution of telecommunications products and consumer electronics, including the provision of directly related services. ETC is present in Portugal through its subsidiaries ETCP, ETCP Supply Chain and iETC - Innovation Eurotechnocom.
Sector
  • Supply and Food Industry
Activity (NACE)
  • G4652 - Wholesale of electronic and telecommunications equipment and parts
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The notified concentration consists of the acquisition of sole control over ETC by Cinven.
Timeline
2022-07-19
The AdC issued a non-opposition decision to the merger 26/2022 - Cinven / ETC.
2022-07-04
The Cinven notifies the acquisition of sole control over ETC.
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