Merger Notification - Announcement according to § 10 Cartel Act

Nest Bidco Inc.; Balcones Holdco, Inc. - BWB/Z-5555 | Bundeswettbewerbsbehörde

Nest Bidco Inc.; Balcones Holdco, Inc.



On 21.07.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Nest Bidco Inc., USA, a special purpose vehicle owned by funds managed and/or advised by one or more subsidiaries of KKR & Co. Inc., USA, intends to indirectly acquire all shares in and, thus, sole control over Balcones Holdco, Inc., the holding company of Neighborly Company, USA. In the second step of the same transaction, the seller, TDG Investments Holdings, LP, USA, a special purpose vehicle owned by funds managed by HP Holding L.L.C. which controls the private equity firm Harvest Partners, USA, will likely opt to indirectly re-acquire a non-controlling interest of 25% or more of the shares in Neighborly Company. 

The concentration concerns home services, such as the repairing, maintaining and enhancing of homes and, albeit to a lesser extent, businesses.

Industry sector: S - Erbringung von sonstigen Dienstleistungen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 18.08.2021.

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 19.08.2021 .

back to list