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Buckthorn Financing and PAF Lux SCA/Phoenix Asset Management

M/22/066

Completed

Transaction details

The proposed acquisition by Buckthorn Financing Designated Activity Company and PAF Lux SCA, SICAV-RAIF of joint control of Phoenix Asset Management S.p.A. has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:8 December 2022
  • Publication date:8 December 2022
  • Economic sector:Financial and insurance services - L
  • Economic sub-sector:Financial services (non-insurance) - L.64
  • Simplified merger:Yes
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Thursday, 8 December, 2022 Notification received
  • Friday, 23 December, 2022 Third party submission deadline
  • Tuesday, 27 December, 2022 Determination issued
Parties Involved

Buckthorn Financing Designated Activity Company

Buckthorn Financing Designated Activity Company is a special purpose investment vehicle, acting through its portfolio manager, SPF Investment Management, L.P., in respect of the proposed acquisition.

SPF Investment Management, L.P is a New York based private investment adviser. SPF provides clients with investment advisory and investment management services, with a focus on the structured credit market.

 

PAF Lux SCA, SICAV-RAIF

PAF Lux SCA, SICAV-RAIF is an investment company registered in Luxembourg which is ultimately owned by Pacific Investment Management Company LLC.

Pacific Investment Management Company LLC is a privately owned investment manager which provides its services globally to the likes of corporate pension plans, foundations, public retirement plans, governments, retail investors and pooled investment vehicles.

 

Phoenix Asset Management S.p.A.

Phoenix Asset Management S.p.A. is a private asset management adviser headquartered in Rome, Italy. It predominantly focuses on the management of secured and unsecured non-performing loan and unlisted trading privileges portfolios, including complex legal and extrajudicial resolution strategies across problematic portfolios, and also supports local and international investors purchasing Italian loan portfolios.

Contacts
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