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Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/81 - Crest Agro I / Grupo Frutas Lurdes
Acquiring
Crest Agro I – Fundo de Capital de Risco Fechado
Description
Venture capital investment fund, managed and represented by CREST CAPITAL PARTNERS - SOCIEDADE DE CAPITAL DE RISCO, S.A. (“CREST SCR”), which has three private equity funds under management: CREST I Fund – FCR, CREST II Fund – FCR and CREST AGRO I.
Acquired
Frutas Lurdes Guerreiro & Filhas, Lda.
Description
It is a company dedicated to the exploration of citrus orchards (oranges, tangerines, lemons and limes), located in the Algarve region, encompassing the aforementioned production of the aforementioned fruits, their harvesting, transportation, selection, washing, sorting and packaging, and subsequent wholesale distribution.
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-applicable
Case description

The merger operation in question consists of the acquisition by the CREST AGRO I fund – Closed Venture Capital Fund (“CREST AGRO I” or “Notifier”) of exclusive control over FRUTAS LURDES MAIS, LDA (“FRUTAS LURDES MAIS”) and respective subsidiary FRUTAS LURDES GUERREIO & FILHAS, LDA. (“FRUITS LURDES”).
Timeline
2024-12-18
Phase I Decision - The AdC issued a decision of non-applicability to the merger 81/2024 - Crest Agro I / Grupo Frutas Lurdes.
2024-11-27
Fundo Crest Agro I notifies the acquisition of exclusive control over Frutas Lurdes Group.
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