M/20/041 – CapVest/CCIF Core

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M-20-041 Commission clears acquisition of CCIF Core by CapVest
2021.02.19 M.20.041 CapVest-CCIF Core Public Determination

Transaction details

The proposed acquisition by CapVest Partners LLP of CCIF Core S.A R.L has been cleared by the Competition and Consumer Protection Commission.

Notification date	Decision date
Thursday December 24, 2020	Friday, February 5, 2021

Parties Involved	Business activities
CapVest Patners LLP	Capvest Patners LLP (CapVest) is a mid-market private equity firm headquartered in London. CapVest has invested in businesses in continental Europe, Scandinavia, the United Kingdom, Ireland and North America. Of the portfolio companies owned or controlled by CapVest in the Republic, CapVest holds interest in a pan-European pharmaceutical contract development and manufacturing organisation as well as companies active in the following: 1. the production and distribution of ambient food products; 2. the processing and sale of fish and seafood, meat (primarily pig meat); 3. the supply of branded and unbranded meat products, gammon joints and rashers to own-label retail customers; 4. produces critical nuclear tracers used in diagnostic imaging; and 5. provides software for merger-and-acquisition dealmakers to market and prepare deals.
CCIF Core S.A R.L	CCIF Core S.A. R.L is the holding company for Carroll’s Company U.C. (Carroll). Carroll is an Irish headquartered business which produces processed pork, poultry and beef, in the form of pre-packed sliced meats and deli meats as well as ready meals, in particular lasagne and chicken curry, and other miscellaneous food products, such as garlic bread. Further, Carroll sells branded rashers and branded sausages to retail and independent customers.

Parties Involved

Business activities

CapVest Patners LLP

Capvest Patners LLP (CapVest) is a mid-market private equity firm headquartered in London. CapVest has invested in businesses in continental Europe, Scandinavia, the United Kingdom, Ireland and North America. Of the portfolio companies owned or controlled by CapVest in the Republic, CapVest holds interest in a pan-European pharmaceutical contract development and manufacturing organisation as well as companies active in the following:

1. the production and distribution of ambient food products;
2. the processing and sale of fish and seafood, meat (primarily pig meat);
3. the supply of branded and unbranded meat products, gammon joints and rashers to own-label retail customers;
4. produces critical nuclear tracers used in diagnostic imaging; and
5. provides software for merger-and-acquisition dealmakers to market and prepare deals.

CCIF Core S.A R.L

CCIF Core S.A. R.L is the holding company for Carroll’s Company U.C. (Carroll). Carroll is an Irish headquartered business which produces processed pork, poultry and beef, in the form of pre-packed sliced meats and deli meats as well as ready meals, in particular lasagne and chicken curry, and other miscellaneous food products, such as garlic bread. Further, Carroll sells branded rashers and branded sausages to retail and independent customers.

Economic sector	Media merger
The Irish retail sector and the Irish food service sector.	No

Submissions from third parties due by:
Phase 1	Phase 2
Friday, January 8, 2021

Current status: Completed
Cleared (Phase 1)

Authorised Officer Assigned	Contact Details
Dineo Mashego	Direct Line : +353 14703 607 email: dineomashego@ccpc.ie
Colm Roche	Direct Line: (+353) 1 470 3662 email: ColmRoche@ccpc.ie

Media enquiries: communications@ccpc.ie

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M/20/041 – CapVest/CCIF Core

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