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 | 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 |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| David Sheahan | Email: davidsheahan@ccpc.ie Phone: 086 084 9318 |
Media enquiries: communications@ccpc.ie
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