On 13 June 2018, the Finnish Competition and Consumer Authority (FCCA) approved the transaction whereby Intera Partners, Rantalainen-Yhtiöt and Rantalainen Group will acquire joint control of Rantalainen Accounting Services. The FCCA has concluded that the acquisition will not significantly impede effective competition in the Finnish market.
Intera Partners Oy is a Finnish private equity company. Rantalainen-Yhtiöt Oy and Rantalainen Group Oy are Finnish limited companies, which own Rantalainen Accounting Services Ltd, the parent company of the Rantalainen Group. The Rantalainen Group provides financial administration services, various expert services and industry solutions for companies, public corporations and other organisations of all sizes.
Intera Fund III Ky, which belongs to the Intera Group, will establish a company by the name of RLX Group Holding Oy, the shareholders of which will also include Rantalainen-Yhtiöt and Rantalainen Group. The companies will acquire joint control of Rantalainen Accounting Services indirectly through RLX Group Holding Oy.
The FCCA estimates that the acquisition will not substantially impede effective competition, as the parties to the transaction do not have overlapping operations. Furthermore, the regulatory reviews conducted by the FCCA did not reveal any harmful effects related to the acquisition.
Further information: Research Officer Jenna Huttu, tel. +358 (0)29 505 3576, email firstname.lastname@example.org.
According to the Competition Act, the FCCA must be notified of a transaction if the combined turnover of the parties to the corporate transaction exceeds 350 million euros and the turnover from Finland of at least two of the parties exceeds 20 million euros for both. The FCCA will approve a corporate transaction if it has none of the harmful impacts referred to in the Competition Act. The FCCA will intervene in corporate transactions if its investigations suggest that the acquisition substantially impedes 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