Decision Nº M/14/009 from Competition and Consumer Protection Commission, 2016-04-16

Decision NumberM/14/009
PartiesPointwell Ltd,Skillsoft Corporation
StatusCleared (Phase 1)
C
Merger Notification No. M/14/009 – Charterhouse (Pointwell)/Skillsoft
DETERMINATION OF MERGER NOTIFICATION M/14/009 -
CHARTERHOUSE (POINTWELL) / SKILLSOFT
Section 21 of the Competition Act 2002
Proposed acquisition by Charterhouse Capital Limited through
Pointwell Limited of the Skillsoft group of compa nies
Dated 16 April 2014
Introduction
1. On 24 March 2014, in accordance with section 18 of the Competition
Act 2002 (“the Act”), the Competiti on Authority (“the Authority”)
received a notification of a propo sed transaction whereby Charterhouse
Capital Limited (“Charterhouse”) through Pointwell Limited
(“Pointwell”), would acquire SSI LuxCo II S.A. which is an indirect
parent of the Skillsoft group of companies (together “Skill soft”).
The Undertakings involved
The Acquirer
2. Charterhouse is a private equity group headquartered in London that
leads and invests in large European bu y-outs. Charterhouse has
twelve portfolio companies that are active on the island of Ireland in
the following business areas:
insurance and travel products for people aged over 50 and
automobile breakdown services (Acromas);
industrial safety technology for explosion-hazardous
environments (Bartec);
electronic company, credit and financial information […];
outside the home skin care systems […];
environmental, healthcare, security, risk and social consulting
services (ERM);
workplace equipment (PHS);

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