OIF/Mount Kellett/Ulster Bank/Jurys Inn
Transaction details
The proposed acquisition of a joint controlling stake in Jurys Inn group of hotels by the Oman Investment Fund, Mount Kellett Capital Management LP and Ulster Bank Ireland Limited has been cleared by the Competition Authority.
Case details
- Notification date:14 April 2013
- Publication date:14 April 2013
- Economic sector:Accommodation & food service - I
- Economic sub-sector:Accommodation - I.55
- Outcome:Cleared
Documents
M.13.011 Merger AnnouncementPDF | 45 KBM.13.011 Merger Announcement PDF | 45 KB - Opens in new window
M.13.011 DeterminationPDF | 74 KBM.13.011 Determination PDF | 74 KB - Opens in new window
Timetable
Parties Involved
Oman Investment Fund
OIF is a sovereign wealth fund that makes private equity investments in companies of a production and/or services nature both globally and domestically with the objective of making financial returns. OIF currently has joint control over Jurys Inn through its wholly owned subsidiary the Irish Acquisition Company S.á.r.l.
Mount Kellett Capital Management LP
Mount Kellett is a multi-strategy investment firm focussed on opportunistic and special situation investments globally across asset classes, industries and geographies.
Ulster Bank Ireland Limited
Ulster Bank is a wholly owned subsidiary of the RBS Group. Ulster Bank has 1.9 million personal and business customers through 236 outlets across the island of Ireland and a business banking presence in every county.
Vesaway Limited t/a Jurys Inn
Jurys Inn has 32 hotels located in cities throughout the UK, Ireland and the Czech Republic.
Contacts
