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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/63 - Teak / Quinta do Vallado
Acquired
Quinta do Vallado – Sociedade Agrícola, Lda.
Description
It develops agricultural exploration activities, dedicating itself to the production of still and fortified wine, and is also active in providing tourist accommodation services and activities related to agricultural and tourist activities.
Acquiring
Teak Capital, S.A.
Description
Integrated into the Teak Capital B.V. group, a holding company that brings together the investments of the Moreira da Silva family, it holds a diversified set of investments in the real estate and financial sectors, including investments in private equity and venture capital, with investments in the industrial, education and of health.
Sector
  • Agriculture, forestry & fishing
Activity (NACE)
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 Teak Capital, S.A. (“Teak”) and the partners João Álvares Ribeiro, Inês Ferreira Álvares Ribeiro, Maria Adelina da Silva Ferreira, Maria João Ferreira Mesquita, Inês Ferreira Moura Borges, Jorge Maria Spratley Ferreira, Francisco Spratley Ferreira and Ana Maria Spratley Ferreira (“Initial Partners”), of joint control of the company Quinta do Vallado-Sociedade Agrícola, Lda. (“Quinta do Vallado”).
Timeline
2023-12-06
AdC issued a non-opposition decision to the merger 63/2023 - Teak / Quinta do Vallado.
2023-10-17
Teak Capital notifies the acquisition of joint control over the company Quinta do Vallado.
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