PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
CCENT/2007/27 - GRUPO CARLYLE/ FREEPORT
Acquiring
Carlyle Grupo
Description
is active in private capital investment, exercising its activity in four investment areas: leveraged management buyouts, property, venture and growth capital and financial leveraging. CEREP and CEREP II are active in the property investment sector;
Acquired
Freeport
Description
a retail outlet village promoter and operator, offering discounts on consumer brands. In Portugal, Freeport is the owner and manager of the Freeport Designer Outlet in Alcochete, through its subsidiary Freeport Leisure Portugal SA.
Sector
  • Construction
Activity (NACE)
  • F41 - Development of building projects; Construction of buildings
Applicable legislation
Art. 9(1)(b) (Law 18)
Notification thresholds
Turnover
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 28 March 2007, this merger consists of the projected acquisition, by CEREP Investment I SARL (hereafter "CEREP"), a company controlled by Carlyle Europe Real State Partners II LLC (hereafter "CEREP II"), and the TC GROUP LLC (hereafter "Carlyle"), of sole control of Freeport Leisure Plc (hereafter "Freeport"), via a public offer to purchase the shares representing the latter´s registered capital, on the London Stock Exchange.
Timeline
2007-05-11
Competition Authority approves Carlyle Group´s acquisition of sole control of Freeport Leisure Plc
Click here to see your activities