Skip to Content

Fortress Ultimate/Port Holdco (Presidio)

M/24/023

Completed

Transaction details

The proposed acquisition by Clayton, Dubilier & Rice Fund XII, L.P. and four other limited partnerships under common control with Clayton, Dubilier & Rice Fund XII, L.P., via its wholly owned subsidiary Fortress Ultimate Holdings, L.P., of sole control of Port Holdco, Inc., has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:11 April 2024
  • Publication date:11 April 2024
  • Economic sector:Telecom & IT service activities - K
  • Economic sub-sector:Data hosting & IT services - K.63
  • Outcome:Cleared
Documents
M.24.023 Merger AnnouncementPDF | 113 KB
M.24.023 DeterminationPDF | 285 KB
Timetable

Phase One

  • Friday, 12 April, 2024 Notification received
  • Friday, 26 April, 2024 Third party submission deadline
  • Thursday, 23 May, 2024 Determination issued
Parties Involved

Fortress Ultimate Holdings, L.P.

Fortress Ultimate Holdings, L.P. (""Fortress"") is a recently incorporated wholly owned subsidiary of Clayton, Dubilier & Rice Fund XII, L.P., which in turn is ultimately and solely controlled by Clayton, Dubilier & Rice Holdings, LLC. Fortress is incorporated in Delaware as a limited partnership for the purposes of acting as a holding company for the proposed acquisition.

 

Clayton, Dubilier & Rice Fund XII, L.P.

Clayton, Dubilier & Rice Fund XII, L.P. (""CD&R Fund XII"") is a private equity fund managed by Clayton, Dubilier & Rice, LLC (""CD&R"", and together with other affiliated entities, ""CD&R Group"").

 

Port Holdco, Inc.

Port Holdco, Inc. (""Presidio"") is solely controlled by investment funds affiliated with or managed by BC Partners. Presidio is a global services provider that sells integrated information technology (IT) solutions in North America, Europe, and Asia Pacific relating to IT infrastructure optimisation and security.

Contacts
View all mergers

Sign up for the latest news from CCPC