Merger Notification - Announcement according to § 10 Cartel Act
Elliott Investment Management L.P.; peyside Equity Advisors LLC
BWB/Z-6295
On 19.06.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Elliott Investment Management L.P. (USA) intends to indirectly acquire a non-controlling limited partnership interest of between 77% and 85% in Speyside Equity Opportunity Fund LP (USA), a newly established entity which is indirectly solely controlled by Speyside Equity Advisors LLC (USA); following completion; as part of the same transaction, Speyside Equity Opportunity Fund LP will indirectly acquire at least 74.4% of the shares in Opta Group LLC (USA) which is currently solely controlled by Speyside Equity Advisors LLC which will continue to retain sole control over Opta Group LLC.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 17.07.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 18.07.2023 .