M/18/076 – Apollo / Tifco

Transaction details

The proposed acquisition by Trident Bidco Designated Activity Company of sole control of Bohrmount Limited, Cherrybeach Limited, Octavale Limited and Rhomway Limited, has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Monday September 10, 2018 Thursday, October 4, 2018
Parties Involved Business activities
Trident Bidco DAC

Trident Bidco DAC is ultimately owned and controlled by investment funds managed by affiliates of Apollo Capital Management L.P.
Investment funds managed by affiliates of Apollo Capital Management L.P. invest in equity and debt securities issued by companies involved in various businesses. Examples of current investments include, companies in the chemical, cruise line, hospital, security, financial and glass packing businesses.

Target Companies

The Target Companies, i.e., Bohrmount Limited, Cherrybeach Limited, Octavale Limited and Rhomway Limited, have been incorporated for the purposes of the Proposed Transaction and, collectively, are the holding companies for the majority of the business and assets of the Tifco Hotel Group. The Target Companies are active in the supply of hotel accommodation and related services within the State.

Economic sector Media merger
Hotel Accommodation No
Submissions from third parties due by:
Phase 1 Phase 2
Tuesday, September 25, 2018
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Emily Thornton

Tel: 00353(1) 4703607
Email: emilythornton@ccpc.ie

Media enquiries: communications@ccpc.ie

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