M/24/023 – Fortress Ultimate/Port Holdco (Presidio)

Transaction details

The proposed acquisition by Clayton, Dubilier & Rice Fund XII, L.P. and four other limited partnerships under common control with Clayton, Dubilier & Rice Fund XII, L.P., via its wholly owned subsidiary Fortress Ultimate Holdings, L.P., of sole control of Port Holdco, Inc., has been notified to the Competition and Consumer Protection Commission.

Notification date	Decision date
Friday April 12, 2024

Parties Involved	Business activities
Fortress Ultimate Holdings, L.P.	Fortress Ultimate Holdings, L.P. ("Fortress") is a recently incorporated wholly owned subsidiary of Clayton, Dubilier & Rice Fund XII, L.P., which in turn is ultimately and solely controlled by Clayton, Dubilier & Rice Holdings, LLC. Fortress is incorporated in Delaware as a limited partnership for the purposes of acting as a holding company for the proposed acquisition.
Clayton, Dubilier & Rice Fund XII, L.P.	Clayton, Dubilier & Rice Fund XII, L.P. ("CD&R Fund XII") is a private equity fund managed by Clayton, Dubilier & Rice, LLC ("CD&R", and together with other affiliated entities, "CD&R Group"). CD&R Group is a private equity investment group based in the U.S., which acts as equity investor in management buyouts, strategic minority equity investments and other strategic investments. CD&R Group controls a number of portfolio companies which are active in a variety of economic sectors in the State, including energy, healthcare, business software solutions, and hospitality.
Port Holdco, Inc.	Port Holdco, Inc. ("Presidio") is solely controlled by investment funds affiliated with or managed by BC Partners. Presidio is a global services provider that sells integrated information technology (IT) solutions in North America, Europe, and Asia Pacific relating to IT infrastructure optimisation and security.

Parties Involved

Business activities

Fortress Ultimate Holdings, L.P.

Fortress Ultimate Holdings, L.P. ("Fortress") is a recently incorporated wholly owned subsidiary of Clayton, Dubilier & Rice Fund XII, L.P., which in turn is ultimately and solely controlled by Clayton, Dubilier & Rice Holdings, LLC.

Fortress is incorporated in Delaware as a limited partnership for the purposes of acting as a holding company for the proposed acquisition.

Clayton, Dubilier & Rice Fund XII, L.P.

Clayton, Dubilier & Rice Fund XII, L.P. ("CD&R Fund XII") is a private equity fund managed by Clayton, Dubilier & Rice, LLC ("CD&R", and together with other affiliated entities, "CD&R Group").

CD&R Group is a private equity investment group based in the U.S., which acts as equity investor in management buyouts, strategic minority equity investments and other strategic investments. CD&R Group controls a number of portfolio companies which are active in a variety of economic sectors in the State, including energy, healthcare, business software solutions, and hospitality.

Port Holdco, Inc.

Port Holdco, Inc. ("Presidio") is solely controlled by investment funds affiliated with or managed by BC Partners.

Presidio is a global services provider that sells integrated information technology (IT) solutions in North America, Europe, and Asia Pacific relating to IT infrastructure optimisation and security.

Economic sector	Media merger
Information Technology	No

Submissions from third parties due by:
Phase 1	Phase 2
Friday, April 26, 2024

Current status: Active
Preliminary investigation (Phase 1)

Authorised Officer Assigned	Contact Details
Louis O'Carroll	louisocarroll@ccpc.ie

Media enquiries: communications@ccpc.ie

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M/24/023 – Fortress Ultimate/Port Holdco (Presidio)

Transaction details

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