Cardinal Ireland Partners Fund SCSp/Mowlam Healthcare
Transaction details
The proposed acquisition by Cardinal Ireland Partners Fund SCSp (the “CIP Fund”), through Reguilon Unlimited Company, of a majority shareholding and sole control of Mowlam Healthcare Group, has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:13 November 2020
- Publication date:13 November 2020
- Economic sector:Human health & social work - R
- Economic sub-sector:Residential care activities - R.87
- Simplified merger:Yes
- Outcome:Cleared
Timetable
Parties Involved
The CIP Fund
The CIP Fund is a Luxembourg special limited partnership established to make private equity investments. The CIP Fund is a new fund and has no prior investments in Ireland or in any other market.
Reguilon Unlimited Company is a newly incorporated private unlimited company incorporated in Ireland. It is solely owned (through a combination of Isle of Man and Guernsey entities) by Plumpton Unlimited, a private unlimited company incorporated in the Isle of Man.
CIP HoldCo S.a.r.l will be the majority shareholder of Plumpton Unlimited and is a wholly owned subsidiary of the CIP Fund.
Mowlam Healthcare Group
The Mowlam Healthcare Group is Ireland's largest nursing home provider and owns and/or operates 27 nursing homes throughout Ireland. Shanfam Holdings II is a holding company incorporated in the British Virgin Islands.
Contacts
Susan Whelan susanwhelan@ccpc.ie
