Decision Nº M/18/051 from Competition and Consumer Protection Commission,

• Jurisdiction: Ireland
• Court: Commissioner for Environmental Information
• Decision Number: M/18/051
• Parties: Swan Bidco Limited,Exponent Private Equity LLP,P+P Green Jersey Holdings Ltd

MERGER ANNOUNCEMENT - M/18/051

Competition and Consumer Protection Commission clears proposed acquisition by

Swan Bidco Limited, a limited liability company ultimately controlled by funds

advised by Exponent Private Equity LLP, of P+P Green Jersey Holdings Ltd

25 July 2018

The Competition and Consumer Protection Commission has today cleared the proposed

transaction whereby Swan Bidco Limited, a limited liability company ultimately controlled by

funds advised by Exponent Private Equity LLP, would acquire sole control of P+P Green Jersey

Holdings Ltd and its wholly-owned subsidiary Meadow Foods (Holdings) Limited.

The proposed transaction was notified under the Competition Act 2002, as amended, on 03 July

2018.

The Commission has formed the view that the proposed transaction will not substantially lessen

competition in any market for goods or services in the State. The Commission will publish the

reasons for its determination on its website no later than 60 working days after the date of the

determination and after allowing the parties the opportunity to request that confidential

information be removed from the published version.

Additional Information

Exponent is a limited liability partnership established in England and Wales that makes private

equity investments in businesses across a range of industry sectors. Exponent’s ultimate parent

company is Exponent Private Equity (Holdings) LLP. Swan is a limited liability company which

was established for the purposes of the Proposed Transaction and is ultimately controlled by

funds advised by Exponent.

Meadow Foods’ (and its subsidiaries’) principal activities are the collection, manufacturing, and

marketing of milk and dairy products to the UK and European food manufacturing sector