Case details

Merger control

Case reference

CCENT/2008/17 - PAINE / STABILUS

Acquiring

Paine & Partners,LLC

Description

a US-registered company that carries out private equity activities; its main corporate purpose is MBOs (management buyouts), public-private transactions and investment in general.

Acquired

Stab Erste Holding GmbH

Description

a company under German law, whose corporate purpose is the production of hydropneumatic adjustment elements (gas springs), hydraulic vibration dampers and related products, that are used for industrial and self-propelled vehicle applications and ergonomic seat adjustment (swivel chairs) and as vehicle components.

Sector

Extractive and manufacturing Industries

Activity (NACE)

C25 - Manufacture of fabricated metal products, except machinery and equipment

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 22 February 2008, this merger operation consists of the acquisition, by the company PAINE & PARTNERS LLC ("PAINE & PARTNERS"), of exclusive control of the company STAB ERSTE HOLDING GmbH (STABILUS).

Timeline

2008-04-03

COMPETITION AUTHORITY authorises acquisition, by PAINE & PARTNERS LLC, of exclusive control of the company STAB ERSTE HOLDING GmbH, whose economic activity is the production of hydropneumatic adjustment elements (gas springs), hydraulic vibration dampers and related products

2008-02-29

Publication of the announcement

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Case details