M/11/033 – Varde / SAV

Transaction details

The proposed acquisition by Varde Partners Inc. (on behalf of itself and Varde Affiliated Funds) of the entire issued share capital of SAV Credit Limited has been cleared by the Competition Authority.

Notification date Decision date
Monday October 10, 2011 Thursday, October 27, 2011
Parties Involved Business activities
Varde Partners Inc.

Varde Partners is a leading global investor in credit and event-driven strategies with over US$7 billion assets under management.

SAV Credit Limited

SAV was founded in 2000, and is a leading UK specialist credit card lender with around 500,000 accounts and around £600 million in credit card assets under management.

Economic sector Media merger
Credit cards and credit insurance services. No
Submissions from third parties due by:
Phase 1 Phase 2
Friday, October 21, 2011
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Barry O'Donnell

Tel: 01-804 5396, email: bod@tca.ie

Media enquiries: MKC Communications: 01 7038600

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