Permira / Towry Group merger inquiry

The CMA investigated the anticipated acquisition by Permira Holdings Limited of TL JerseyCo Finance Limited (Towry Group).

• From: Competition and Markets Authority
• Published: 19 May 2016
• Last updated: 6 July 2016 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Financial services
• Outcome: Mergers - phase 1 clearance
• Opened: 19 May 2016
• Closed: 6 July 2016

Statutory timetable

Phase 1 date	Action
6 July 2016	Decision published
27 June 2016	Decision announced
19 May to 3 June 2016	Invitation to comment
19 May 2016	Launch of merger inquiry

Phase 1

CMA clearance decision

27 June 2016: The CMA has cleared the anticipated acquisition by Permira Holdings Limited of TL JerseyCo Finance Limited (Towry Group). The full text of the decision is available below.

• Full text decision (6.7.16)

Invitation to comment: Now closed

19 May 2016: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

19 May 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (19.5.16)

Contact

Please send written representations about any competition issues to:

Carole Bowley / Adriano Basso
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

carole.bowley@cma.gsi.gov.uk, adriano.basso@cma.gsi.gov.uk

Published 19 May 2016
Last updated 6 July 2016 + show all updates

1. 6 July 2016

   Full text of the decision published.

2. 27 June 2016

   Clearance decision announced.

3. 19 May 2016

   First published.