PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/51 - Explorer IV / Magos
Acquiring
Explorer IV - Fundo de Capital de Risco
Description
Venture capital investment fund, headquartered in Portugal, whose assets are intended for the acquisition, for a limited period, of equity instruments and debt instruments in companies headquartered in Portugal and with high potential for development and growth, in order to benefit from the respective valuation. Explorer IV has been investing in small and medium-sized companies in the industry, energy, construction, commerce, tourism, transport/logistics and services sectors.
Acquired
MAGOS IRRIGATION SYSTEMS, S.A.
Description
Company active in the sector of services, equipment and components for irrigation systems.
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 notified concentration consists of the acquisition of sole control over MAGOS IRRIGATION SYSTEMS by Explorer IV Fund.
Timeline
2022-11-29
Phase I Decision - The AdC issued a non-opposition decision to the merger 51/2022 - Explorer IV / Magos.
2022-11-07
The Explorer IV Fund notifies the acquisition of sole control over MAGOS IRRIGATION SYSTEMS.
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