CCPC to carry out phase 2 investigation of Enva/Rilta merger
October 4, 2018
The Competition and Consumer Protection Commission (CCPC) has decided to carry out a full Phase 2 investigation into the proposed acquisition by Exponent Private Equity LLP of sole control of Richardstown Investments Limited, Grangerath Investments Limited, Noah Investments Limited and their subsidiaries.[1]
Following a preliminary investigation, the CCPC has determined that a full investigation is required to establish if the proposed transaction could lead to a substantial lessening of competition in any market for goods or services in the State.
The CCPC must make a final decision on the proposed transaction on, or before, the 14 February 2019. This deadline may change if the CCPC issues a Requirement for Information.
Interested parties are invited to make submissions no later than 5.30pm on Thursday 25 October 2018. Details on how to make a submission are available here.
Additional Information
Exponent Private Equity LLP is a limited liability partnership established in England and Wales that makes private equity investments in businesses across a range of industry sectors. Exponent Private Equity LLP controls a number of portfolio companies which generate revenue in the State, including The Enva Group which provides hazardous and non-hazardous waste services to business customers in the State and Northern Ireland.
Rilta Environmental Limited and its subsidiaries provide hazardous and non-hazardous waste services to business customers in the State and Northern Ireland.
[1] Including Rilta Environmental Limited and its subsidiaries ClearCircle Environmental (NI) Limited, Soils Environmental Services Unlimited Company, Returnbatt Unlimited Company and Cullen Environmental Services Limited.
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