M/12/003 – SEP / ESB NM / Geothermal International

Transaction details

The proposed acquisition by Scottish Equity Partners LLP (SEP) and ESB Novusmodus Limited Partnership (ESB NM) of joint control of Geothermal International Limited (Geothermal International) which is currently solely controlled by ESB NM, has been cleared by the Competition Authority.ᅠ

Notification date Decision date
Thursday March 22, 2012 Friday, April 20, 2012
Parties Involved Business activities
Scottish Equity Partners LLP

SEP is an independent, owner managed venture capital and growth equity firm which invests in innovative, high growth companies in the IT, healthcare and energy sectors.

ESB Novusmodus Limited Partnership

ESB NM is an investment fund established by way of partnership by ESB.

Geothermal International Limited

Geothermal International is active in the design and installation of heating and cooling systems and process and building controls.

Economic sector Media merger
Heating and cooling systems and process and building controls. No
Submissions from third parties due by:
Phase 1 Phase 2
Monday, April 2, 2012
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Barry O'Donnell

Tel: 01-804 5396

Media enquiries: MKC Communications: 01 7038600

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