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Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2008/38 - EXPLORER II/ PROBOS
Acquiring
Fundo Explorer II - Fundo de Capital de Risco
Description
a risk capital fund whose assets are invested in the acquisition of shareholdings in the capital of companies with a high potential for growth and an increased valuation.
Acquired
Probos
Description
production and distribution of thermoplastic edges for the furniture industry; it exports its production under the Proadec trademark.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
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
Case description
Notified on 1 July 2008, this merger operation consists of the acquisition, by Explorer II - Fundo de Capital de Risco (henceforth "Fundo Explorer II"), which is managed by the managing company Explorer Investments - Sociedade de Capital de Risco SA, of exclusive control of the undertaking Probos - Plásticos SA (henceforth "Probos").
Timeline
2008-07-31
Competition Authority authorises the EXPLORER II / PROBOS merger operation
2008-07-08
Publication of the announcement
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