M/25/083 – Avenue Capital/DRES
Transaction details
The proposed acquisition by certain funds managed or advised by Avenue Europe International Management, L.P., and sub-advised by Avenue Europe Management LLP, of joint control of DRES Holdings Limited has been notified to the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday December 3, 2025 | |
| Parties Involved | Business activities |
|---|---|
| Avenue Capital Group | Avenue Capital Group which is a global investment firm that was founded in 1995 by Marc Lasry and Sonia Gardner. The firm is primarily focused on specialty lending, opportunistic credit and other special situations investments in the United States, Europe and Asia. In the State, Avenue Capital Group is active in lending for real estate development. |
| DRES Holdings Limited | DRES Holdings is a holding company for the D/RES group of companies. D/RES is active in the planning, construction and sale of housing and ancillary commercial property developments in the Greater Dublin Area. In particular, D/RES is involved in the planning, construction and sale of housing and ancillary commercial property and holds a number of development sites which will be developed in the future. |
| Economic sector | Media merger |
|---|---|
| Real Estate (incl. Residential, Commercial/Hotels) | N/A |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Wednesday, December 17, 2025 | |
| Current status: Active |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Sinéad Griffin | sineadgriffin@ccpc.ie |
| Aodhán Frain | aodhanfrain@ccpc.ie |
Media enquiries: communications@ccpc.ie
Haven’t found what you’re looking for?
Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555