M/15/001 – Cinven / PCL
The proposed acquisition by Cinven Capital Management (V) General Partner Limited of Premium Credit Limited, has been cleared by the Competition and Consumer Protection Commission.
|Notification date||Decision date|
|Monday January 19, 2015||Thursday, February 19, 2015|
|Parties Involved||Business activities|
|Cinven Capital Management (V) General Partner Limited||
The Cinven Group is active in the provision of investment management advice and services to a number of private equity funds that invest in portfolio companies active in a wide variety of sectors including: Business Services, Consumer, Financial Services, Healthcare, Industrials, and Technology, Media and Telecommunications.
|Premium Credit Limited||
Premium Credit Limited is active in the market for financing of insurance premiums and instalment services in the UK and Ireland.
|Economic sector||Media merger|
|The supply of financing for four types of insurance and non-insurance products.||No|
|Submissions from third parties due by:|
|Phase 1||Phase 2|
|Monday, February 2, 2015|
|Current status: Completed|
|Cleared (Phase 1)|
|Authorised Officer Assigned||Contact Details|
Tel: 01-470 3671, e-mail: email@example.com
Media enquiries: MKC Communications: 01 7038600