Case details

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Merger control
Case reference
Ccent/2022/30 - AGHL / Details*Caprice
Acquiring
AGHL Portugal Investments Holdings, S.A.
Description
It is a Portuguese company whose activity is the provision of consultancy services, guidance and personal and business assistance and administration of goods, furniture and real estate, among others. AGHL is part of the Arrow Global Limited Group and its ultimate shareholder is TDR Capital LLP. The Arrow Group´s activities in Portugal correspond to the management of overdue and bad debts and real estate investments. The activity of the TDR group in Portugal, in addition to activities within the sphere of the Arrow Global Group, essentially corresponds to car renting and leasing activities.
Acquired
Caprice Prestige, S.A.
Description
Company active in the tourism sector, through the provision of hotel services in Portugal, in particular in the Algarve region. Caprice owns the Hotel California.
Acquired
Details - Hotels & Resorts, S.A.
Description
Company active in the tourism sector, through the provision of hotel services in Portugal, in particular in the Algarve region. Details manages and operates Vale da Lapa Village Resort (Carvoeiro), Vale d El Rei Hotel & Villas (Lagoa), Hotel Aqua Pedra dos Bicos, Hotel California, Hotel Topázio Mar, Velamar Boutique Hotel and Bertolina Guest House, all located in Albufeira.
Sector
  • Tourism & leisure activities 
  • Trade and Services
Activity (NACE)
  • I5511 - Hotels and similar establishments with restaurant
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The notified concentration consists of the acquisition of sole control over Details - Hotels & Resorts and Caprice Prestige by AGHL Portugal Investments Holdings.

Timeline
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