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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2007/40 - ING PARCOM/ 5 à Sec
Acquired
5 à SEC B.V.
Description
Owned at present by EAC Fund III, the company offers textile treating services (dry cleaning, laundering and associated services, e.g. alterations and repairs). In Portugal it operates, in particular, through 5 a Seco Portugal Industria de Lavandaria SA.
Acquiring
Ing Parcom Private Equity SAS
Description
a member company, of French origin, of the ING Group, which is active in the supply of financial services, in particular those involving banking, insurance and asset management, in Europe, Asia and North and South America
Sector
  • Supply and Food Industry
Activity (NACE)
  • G47 - Retail trade, except of motor vehicles and motorcycles
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description
Notified on 6 June 2007, the merger in question consists of the acquisition, by ING Parcom Private Equity FCPR III (hereafter "ING Parcom Fund"), of sole control of 5àSec BV (hereafter "5àSec").
Timeline
2007-07-16
COMPETITION AUTHORITY approves acquisition of sole control, by ING Parcom Private Equity FCPR III, of 5àSec BV, which is active in the provision of textile treating services (dry cleaning, laundry and associated services e.g. alterations and repairs).
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