Merger Notification - Announcement according to § 10 Cartel Act
KPS Capital Partners, LP; Princess Yachts (Holdings)
BWB/Z-6177
On 12.01.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The notified transaction concerns the intended indirect investment in, and acquisition of up to 100% of the shares in, Princess Yachts (Holdings) Limited by funds managed
and/or advised, and indirectly solely controlled, by KPS Capital Partners, LP, such that those funds acquire sole control of Princess Yachts (Holdings) Limited.
Fields of activity: Building of yachts
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.02.2023.
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 waived their right to apply for examination of the merger by the Cartel Court before the deadline. The standstill obligation (§ 17(1) Cartel Act) ends with effect from 31.01.2023 .