PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
Ccent/2024/27 - Elcano Bidco / VivaGym
Acquiring
Elcano Bidco S.à r.l.
Description
It is a vehicle company owned by Providence that is active in Portugal, through Globeducate, in the education sector, operating bilingual international schools in Cascais, Almancil and Lagoa.
Acquired
Viva Gym Group Limited
Description
Company that operates in Portugal, through its Portuguese subsidiary Fitness Hut, S.A., in the operation and maintenance of health clubs and fitness centers.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger operation consists of the acquisition, by Elcano Bidco S.à r.l. (“Elcano Bidco”), a company indirectly managed by Providence Managing Member LLC (“Providence”), under the exclusive control of VivaGym Group Ltd. (“VivaGym”).
Timeline
2024-05-29
The AdC issued a non-opposition decision to the merger 27/2024 - Elcano Bidco / VivaGym.
2024-05-03
Elcano Bidco notifies the acquisition of exclusive control over VivaGym.
Click here to see your activities