M/15/029 – Goldman Sachs / Piershine / Tifco

Transaction details

The proposed acquisition of Joint Control by Goldman Sachs International and Piershine Limited of Tifco Limited, has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Tuesday June 23, 2015 Wednesday, July 15, 2015
Parties Involved Business activities
Goldman Sachs International

Goldman Sachs International is ultimately owned and controlled by The Goldman Sachs Group, Inc. Goldman Sachs Group, Inc is involved in the business of investment banking and securities and investment management on a global scale.

Piershine Limited

Piershine is a trust company established for the purposes of holding the Holdco stake and Tifco loan notes.

Tifco Limited

Tifco currently owns (i) Crowne Plaza Dundalk, (ii) Crowne Plaza Northwood, (iii) Crowne Plaza Blanchardstown, and (iv) Holiday Inn Northwood.

Economic sector Media merger
Hotel accommodation sector in Ireland
Submissions from third parties due by:
Phase 1 Phase 2
Wednesday, July 8, 2015
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Andrew Rae

Tel: 01-470 3671, e-mail: andrewrae@ccpc.ie

Media enquiries: MKC Communications: 01 7038600

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