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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/61 - Crest II*Ovnigest*Joana Oliveira*Pedro Oliveira / UTS*RCO
Acquiring
Crest II – FCR
Description
Venture capital investment fund, managed and represented by Crest Capital Partners – Sociedade de Capital de Risco, S.A., which has two more private equity funds under management: Fundo Crest I and Fundo Agro.
Acquiring
JOANA MARIA LIMA OLIVEIRA
Description
With the exception of equity interests held in UTS, RCO and Ovnigest, they do not have equity interests in any other companies.
Acquiring
OVNIGEST, SGPS, LDA.
Description
Active in the management of equity interests, in UTS, RCO and Ovnitur - Viagens e Turismo, Lda..
Acquiring
PEDRO MIGUEL LIMA OLIVEIRA
Description
With the exception of equity interests held in UTS, RCO and Ovnigest, they do not have equity interests in any other companies.
Acquired
RCO – MECÂNICA E SERVIÇOS, LDA.
Description
Dedicated to providing maintenance and repair services for motor vehicles, painting, electrical and auto bodyworker
Acquired
UTS – Viagens e Serviços, S.A.
Description
Operating in internal and international public public transport for passengers, collective transport for children, tourist transport and other transport such as national and foreign excursions. It is also an interurban transporter in buses, land, urban and suburban passenger transport.
Sector
  • Transport & Infrastructure
Activity (NACE)
  • H4939 - Other passenger land transport n.e.c.
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
Cooperation with sector regulators
  • AMT - Mobility and Transport Authority
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The concentration operation consists of the acquisition, by Fundo Crest II - FCR (“Crest II”), of control, together with Ovnigest, S.G.P.S., Lda. (“Ovnigest”), Joana Maria Lima Oliveira (“Joana Oliveira”) and Pedro Miguel Lima Oliveira (“Pedro Oliveira”), about UTS – Viagens e Serviços, S.A. (“UTS”), RCO – Mecânica e Serviços, S.A. (“RCO”), and about the Ovnitur Assets.
Timeline
2024-10-23
The AdC issued a non-opposition decision to the merger 61/2024 - Crest II*Ovnigest*Joana Oliveira*Pedro Oliveira / UTS*RCO.
2024-09-27
The Crest II Fund notifies the acquisition of control, together with Ovnigest, Joana Oliveira and Pedro Oliveira over UTS – Viagens e Serviços, S.A., RCO – Mecânica e Serviços, S.A. and over the Ovnitur Assets.
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