M/22/066 – Buckthorn Financing and PAF Lux SCA / Phoenix Asset Management

Transaction details

The proposed acquisition by Buckthorn Financing Designated Activity Company and PAF Lux SCA, SICAV-RAIF of joint control of Phoenix Asset Management S.p.A. has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Thursday December 8, 2022 Tuesday, December 27, 2022
Parties Involved Business activities
Buckthorn Financing Designated Activity Company

Buckthorn Financing Designated Activity Company is a special purpose investment vehicle, acting through its portfolio manager, SPF Investment Management, L.P., in respect of the proposed acquisition.

SPF Investment Management, L.P is a New York based private investment adviser. SPF provides clients with investment advisory and investment management services, with a focus on the structured credit market.


PAF Lux SCA, SICAV-RAIF is an investment company registered in Luxembourg which is ultimately owned by Pacific Investment Management Company LLC.

Pacific Investment Management Company LLC is a privately owned investment manager which provides its services globally to the likes of corporate pension plans, foundations, public retirement plans, governments, retail investors and pooled investment vehicles.

Phoenix Asset Management S.p.A.

Phoenix Asset Management S.p.A. is a private asset management adviser headquartered in Rome, Italy. It predominantly focuses on the management of secured and unsecured non-performing loan and unlisted trading privileges portfolios, including complex legal and extrajudicial resolution strategies across problematic portfolios, and also supports local and international investors purchasing Italian loan portfolios.

Economic sector Media merger
Financial and Insurance Services No
Submissions from third parties due by:
Phase 1 Phase 2
Friday, December 23, 2022
Current status: Completed
Simplified Merger Notification
Authorised Officer Assigned Contact Details
David Sheahan

Email: davidsheahan@ccpc.ie

Phone: 086 084 9318

Media enquiries: communications@ccpc.ie

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