Case details

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Merger control
Case reference
Ccent/2023/27 - Maxtrends*ActiveCap / Cristalmax
Acquiring
ACTIVECAP - CAPITAL PARTNERS, SCR S.A.
Description
Venture capital company which manages the PGF Fund, dedicated to investment in expansion capital.
Acquired
Cristalmax – Indústria de Vidros, S.A.
Description
Company engaged in the processing and commercialization of glass, namely insulating glass (double and triple), tempered and thermo-hardened glass, laminated glass, glass with alarm screen printing and with digital screen printing.
Acquiring
Maxtrends, SGPS, Limitada
Description
Company whose object is the management of shareholdings, having Cristalmax as its sole asset.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C2312 - Shaping and processing of flat glass
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 concentration operation in question consists of the acquisition, by ActiveCap – Capital Partners, SCR, S.A. (“ActiveCap”), as the management company of Fundo ActiveCap I – Portuguese Growth Fund, FCR (“Fundo PGF”), of shares representing the share capital and voting rights of the company Cristalmax – Indústria de Vidros, S.A. and its controlling subsidiary Cristalmax France, SARL (together “Cristalmax”). As such, the envisaged operation will confer joint control by Maxtrends, SGPS, Limitada (“Maxtrends”) and Fundo PGF, represented by ActiveCap, over Cristalmax.

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