PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/40 - Fundo Crest II*3AV / AVK
Acquiring
3AVNEWSKILLS – Soluções Para Eventos, S.A.
Description
Company whose only activity is participation in the AVK Group.
Acquired
AVK - Soluções Audiovisuais, S.A.
Description
Business group dedicated to the provision of various services for events, including the rental of computer, sound, video and lighting equipment.
Acquiring
Crest II – FCR
Description
Venture capital investment fund, managed and represented by CREST CAPITAL PARTNERS - Sociedade de Capital de Risco, S.A., which manages two private equity funds: Fundo Crest I - FCR and Fundo Crest II.
Sector
  • Tourism & leisure activities 
Activity (NACE)
  • R9329 - Other amusement and recreation activities
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 merger operation in question consists of the acquisition, by Fundo Crest II - FCR (“Fundo Crest II”) and by 3AVNEWSKILLS - Soluções para Eventos, S.A. (“3AV”), jointly controlled by AVK - SOLUÇÕES AUDIOVISUAIS, S.A. and respective subsidiaries EUROSERVICE - SERVIÇOS AUDIOVISUAIS, S.A. and GLOBAL SETUP, S.L. (collectively, “AVK Group”).
Timeline
2023-08-29
The AdC issued a non-opposition decision to the merger Fundo Crest II*3AV / AVK.
2023-07-31
Fundo Crest II and 3AV notify the acquisition of joint control over the AVK Group.
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