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Goldman Sachs/Celnor

M/26/076

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Transaction details

The proposed acquisition by Cyan Holdings Bidco Limited, a special purpose vehicle which is indirectly owned by Cyan Holdings TopCo Limited, which is ultimately indirectly wholly owned by the Goldman Sachs Group, Inc., of indirect sole control of Celnor Topco Limited, together with its subsidiaries has been notified to the Competition and Consumer Protection Commission.
Case details
  • Notification date:6 November 2026
  • Publication date:6 November 2026
  • Economic sector:Professional, scientific & technical activities - N
  • Economic sub-sector:Other professional, scientific & technical activities - N.74
  • Simplified merger:Yes
  • Outcome:Pending
Timetable
Current deadline:
17 December 2026

Phase One

  • Friday, 06 November, 2026 Notification received
  • Thursday, 19 November, 2026 Third party submission deadline
Parties Involved

The Goldman Sachs Group, Inc.:

The Goldman Sachs Group, Inc.  is a global investment banking, securities and investment management firm that provides financial services to a broad range of clients. The Goldman Sachs Group, Inc.’s client base includes corporations, financial institutions, governments and individuals.

Cyan Holdings Bidco Limited is a special purpose vehicle incorporated for the purposes of the proposed transaction, which is indirectly owned by Cyan Holdings TopCo Limited, which is ultimately indirectly wholly owned by the Goldman Sachs Group, Inc.

Celnor Topco Limited:

Headquartered in Manchester, UK, Celnor Topco Limited is active in the provision of testing, inspection, certification and compliance services to customers in the construction and build environment sectors. Celnor Topco Limited’s activities are organised across four core business segments: planning and development, risk management, safety and compliance, and analytical services.

In the State, the Celnor Topco Limited operates through five businesses, specialising in environmental, water and laboratory services: Axis Environmental Services Limited, Seed Environmental Limited (Ireland), T.E. Laboratories Limited (TelLab), Dynamic Safety Solutions and Safety Solutions Group.
Contacts
Iseult O’Kelly Iseultokelly@ccpc.ie & Jennifer Brennan jenniferbrennan@ccpc.ie
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