Case details

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Merger control
Case reference
Ccent/2023/25 - Explorer IV / Grupo Your
Acquiring
Explorer IV – Fundo de Capital de Risco
Description
Venture capital investment fund, based in Portugal, which has been investing in small and medium-sized companies in the industry, energy, construction, commerce, tourism, transport/logistics and services sectors. This fund is managed by Explorer Investments, which also manages other funds with assets divided into four business areas: (i) private equity, (ii) expansion capital, (iii) real estate and (iv) tourism.
Acquired
Grupo Your, Lda.
Description
Active in the provision of accounting services, through the entities Grupo Your, Lda., Your Finance Miraflores, Lda., Your Finance Green, Lda., Your Finance Porto, Lda., Your Finance Faro, Lda., CERB – Contabilidade e Gestão , S.A., Truenumbers, Contabilidade de Gestão, Lda., Compuconta – Sociedade Técnica de Planeamento Contabilístico, Lda., as well as in the management support areas, namely: Administrative Services (Your Time, Serviços Especiais, Lda.), Health and Safety at Work (Your Care, Lda.), Human Resources (Your People, Unipessoal, Lda.) and Insurance Mediation (Your Insurance – Mediação de Seguros, Unipessoal, Lda.).
Sector
  • Trade and Services
Activity (NACE)
  • M6920 - Accounting, bookkeeping and auditing activities; tax consultancy
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
  • ASF - Insurance and Pension Fund Supervisory Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger in question consists of the acquisition, by the fund Explorer IV – Fundo de Capital de Risco, represented and managed by Explorer Investments – Sociedade de Risco, S.A., of the exclusive control of the company Grupo Your, Lda..

Timeline
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