On 24 August 2018, the Finnish Competition and Consumer Authority (FCCA) approved Sponsor Fund IV Ky’s acquisition of Oy Duell Bike-Center Ab. The FCCA has concluded that the acquisition will not significantly impede effective competition on the Finnish market.
Sponsor Fund IV Ky is a fund managed by the Finnish private equity investor Sponsor Capital Oy. Oy Duell Bike-Center Ab is a Finnish import company, importing and selling motorcycle, snowmobile, moped and quad bike accessories, supplies and spare parts in Finland. The company’s selection also includes winter sports and boat supplies.
The FCCA has concluded that the acquisition will not significantly impede effective competition on the Finnish market. The parties do not have any overlapping or vertical business relationships.
The FCCA’s decision includes business secrets of the parties involved. The decision cannot be published until the business secrets have been removed.
- Research Officer Pontus Ranta, tel. +358 (0)29 505 3747
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 from Finland of at least two of the parties exceeds a combined total of 20 million euros. 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.