25 April 2017
The Finnish Competition and Consumer Authority (FCCA) approved on 24 April 2017 the acquisition of Quattro Mikenti Group Oy by Adelis Equity Partners Fund I AB.The Finnish Competition and Consumer Authority has concluded that the acquisition will not significantly impede, as referred to in the Competition Act, effective competition in the Finnish market. Companies managed by Adelis Equity Partners do not offer the same services as Quattro Mikenti Group, which is being acquired.
Adelis Equity Partners is a private equity investor, investing in businesses in the Nordic countries. The companies Adelis invests in operate in the field of business services, niche industry products, the consumer sector and health care. Adelis Equity Partners makes its investments through the Adelis Equity Partners Fund I AB fund that it owns.
Quattro Mikenti Group is the parent company of QMG Group. QMG Group operates in Finland in a number of locations, and its clientele mainly consists of large developers and construction companies. QMG Group offers building engineering services, such as contracting and maintenance services.
The FCCA’s decision includes business secrets of the parties involved. The decision cannot be published until the business secrets have been removed, i.e. in around two weeks’ time.
Further information: Research Officer Jenna Lampinen, tel. +358 (0)29 505 3769, email email@example.com.
According to the Competition Act, the FCCA must be notified of the transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover of at least two of the parties resulting from Finland exceeds 20 million euros for both. FCCA approves a corporate transaction if it has no harmful impacts referred to in the Competition Act. FCCA will intervene in corporate transactions if its investigations suggest that the acquisition may significantly impede effective competition on Finnish markets or a substantial part of the markets, particularly through the creation or reinforcement of a dominant market position.
Read more about merger control