Merger Notification - Announcement according to § 10 Cartel Act

Providence Equity Partners LLC; Sweetwater Sound Inc. - BWB/Z-5515 | Bundeswettbewerbsbehörde

Providence Equity Partners LLC; Sweetwater Sound Inc.

BWB/Z-5515

07.07.2021

On 07.07.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Providence Equity Partners LLC, USA, intends to acquire a shareholding of 85 % in and sole control over Sweetwater Holdings, LLC, USA.


Economic sector:  Retail sale via mail order houses or via Internet

Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.08.2021.

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 05.08.2021 .

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