PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2010/51 - Fundo Explorer III / Totalmédia
Acquired
Caixa Directa - Comunicações e Promoções, S.A.
Description
operates in the direct marketing sector.
Acquiring
Explorer III - Fundo de Capital de Risco
Description
a risk capital fund whose assets are invested in the acquisition of shareholdings in companies with a high growth and upward valuation potential. The fund manager is Explorer Investments - Sociedade de Capital de Risco SA, which also manages the undertaking Explorer I - Fundo de Investimento de Capital de Risco para Investidores Qualificados and the undertaking Explorer II - Fundo de Capital de Risco;
Acquired
TOTALMÉDIA - Entregas ao Domicílio, S.A.
Description
operates in the transport sector, specifically in goods transport by road for home delivery;
Acquired
TOTALMÉDIA - Marketing e Publicidade, S.A.
Description
operates in the direct marketing sector;
Sector
  • Others
  • Transport & Infrastructure
Activity (NACE)
  • H4941 - Freight transport by road
  • M731 - Advertising
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 15 November 2010, the present merger operation consists of the acquisition, by the undertaking Explorer III - Fundo de Capital de Risco ("Fundo Explorer III"), of sole control of the undertakings TOTALMÉDIA - Entregas ao Domicílio SA ("Totalmédia Entregas"), TOTALMÉDIA - Marketing e Publicidade SA ("Totalmédia Marketing") and Caixa Directa - Comunicações e Promoções SA ("Caixa Directa"), by means of the acquisition of all the shares representing the registered capital of the latter companies.
Timeline
2010-12-17
Competition Authority Council adopts a decision of non-opposition to merger 51/2010 - Fundo Explorer III / Totalmédia.
2010-11-22
Publication of the announcement - The undertaking Explorer III - Fundo de Capital de Risco ("Fundo Explorer III") notifies acquisition of exclusive control of the undertakings TOTALMÉDIA - Entregas ao Domicílio SA ("Totalmédia Entregas"), TOTALMÉDIA - Marketing e Publicidade SA ("Totalmédia Marketing") and Caixa Directa - Comunicações e Promoções SA ("Caixa Directa"), by means of the acquisition of all the shares representing the registered capital of the latter companies.
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