Merger Notification - Announcement according to § 10 Cartel Act
Platinum Equity Advisors , LLC; Mad Engine, LLC
BWB/Z-5134
On 01.12.2020 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Platinum Equity Advisors, LLC, United States, intends to acquire approx. 80% of the membership interests in and thereby sole control over Mad Engine, LLC, United States.
Branch of business concerned: Apparel and accessories.
Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 29.12.2020.
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 30.12.2020 .