Decision Nº M/24/043 from Competition and Consumer Protection Commission,

• Jurisdiction: Ireland
• Court: Commissioner for Environmental Information
• Decision Number: M/24/043
• Parties: LDC (Managers) Limited,Medray Imaging Systems Limited

Merger Notification No. M/24/043 – LDC/Medray

MERGER ANNOUNCEMENT M/24/043 – LDC/MEDRAY

Section 21 of the Competition Act 2002

Competition and Consumer Protection Commission clears proposed acquisition of

Medray Imaging Systems Limited by funds managed by LDC (Managers) Ltd.

13 August 2024

The Competition and Consumer Protection Commission has today cleared the proposed transaction

whereby LDC XIII LP and LDC Parallel XIII LP funds managed by LDC (Managers) Limited through its

wholly owned subsidiary Project Drive Bidco Limited, would acquire sole control of Medray Imaging

Systems Limited. The proposed transaction was notified under the Competition Act 2002, as amended,

on 26 July 2024.

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 o pportunity to request that confidential information be removed

from the published version.

Additional Information

LDC (Managers) Limited is a private equity specialist, focusing on management buyouts, institutional

buyouts and development capital transactions, operating predominantly throughout the United

Kingdom in a variety of sectors including construction and property, financial services, healthcare

industrials, IT and software, leisure and media, retail and consumer and support services.

Medray Imaging Systems Limited provides medical equipment, consumables and various services

across the healthcare, veterinary and dental sectors in the State. Medray Imaging Systems Limited

provides medical imaging equipment, consumables and related services to the healthcare and dental

sectors in the United Kingdom.