Merger Notification - Announcement according to § 10 Cartel Act
Pacioli Topco (Jersey) Limited; Grant Thornton UK LLP
BWB/Z-6813
On 27.12.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Pacioli Topco (Jersey) Limited (Jersey), a company under the ownership and control of Cinven funds indirectly managed by Cinven, intends to indirectly acquire a majority of the economic rights in Grant Thornton UK LLP (United Kingdom) and a minority of the economic rights and sole control over Grant Thornton UK Advisory & Tax LLP (United Kingdom).
Economic sector: Accounting, bookkeeping and auditing activities; tax consultancy.
M - REAL ESTATE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.01.2025.
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 25.01.2025 .