Merger Notification - Announcement according to § 10 Cartel Act

HarbourVest Partners, LLC., USA; Lagumar Group; Angulas Aguinaga, S.A.U - BWB/Z-5118 | Bundeswettbewerbsbehörde

HarbourVest Partners, LLC., USA; Lagumar Group; Angulas Aguinaga, S.A.U

BWB/Z-5118

25.11.2020

On 24.11.2020 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Investment vehicles managed or advised by HarbourVest Partners, LLC, United States, intend to invest in and indirectly acquire non-controlling stakes of (i) 39.9% of the shares in the Lagumar Group which is commonly referred to as Angulas Aguinaga, S.A.U., Spain, and (ii) up to 100% of the shares in Servicios Compartidos de Industrias Alimentarias, S.L.U, Spain.

The concentration concerns the production and supply of sea food, ready-to-eat 
meals and canned vegetables.

ÖNACE Code:

C 10.20 Processing of Fish. 

C 10.85 Manufacture of ready-to-eat meals

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 22.12.2020.

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 23.12.2020 .

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