Decision Nº M/03/006 from Competition and Consumer Protection Commission, 2003-04-03

CourtCompetition and Consumer Protection Commission (Ire)
PartiesOliver Wyman,Mercer
Decision NumberM/03/006
Date03 April 2003
StatusCleared (Phase 1)
Decision Date03 April 2003
Determination of the Competition Authority
Determination No. M/03/006 of the Competition Authority, dated 3 April 2003,
under Section 21 of the Competition Act, 2002.
Notification No. M/03/006 – Mercer Management Consulting Inc/Oliver Wyman
& Company LLC
Introduction
1. On 4 March 2003 the Competition Authority, in accordance with Section 18(1) of
the Competition Act, 2002 (“the Act”) was notified, on a mandatory basis, of a
proposal whereby Mercer Management Consulting, Inc (“Mercer MC”) will
acquire substantially all of the assets of Oliver Wyman & Company LLC
(“OWC”) including the shares of OWC’s subsidiaries in the US, the UK, Italy
and Germany.
The Parties
2. Mercer MC, the purchaser, is an indirect wholly owned subsidiary of both Mercer
Inc. and Marsh McLennan & Companies (“MMC”). MMC is a global provider
of professional services and the parent company of Marsh Inc., a global risk and
insurance services firm; Putnam Investments, a global investment management
company and Mercer Inc., a global provider of consulting services (see Table A
below)*.
Table A: Ownership Structure of Mercer MC
Putnam Investments Mercer Inc.
Mercer MC
Marsh Inc.
MMC
3. In Ireland, the MMC group is active in risk and insurance consultancy; insurance
broking; management and administration services to collective investment
undertakings; consultancy services for investments, insurance and pension funds;
and human resources consulting.
4. OWC is a global strategy consulting firm. A major part of its business is finance
and risk management consultancy to the financial services industry. Its clients
are engaged in retail and corporate banking, the capital markets and the insurance
sector. OWC does not have an office in Ireland but provides some credit risk
management services in Ireland.
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