SEP / ESB NM / Geothermal International [2012] IECompA m12003 (22 March 2012)
Transaction details
The proposed acquisition by Scottish Equity Partners LLP (SEP) and ESB Novusmodus Limited Partnership (ESB NM) of joint control of Geothermal International Limited (Geothermal International) which is currently solely controlled by ESB NM, has been cleared by the Competition Authority.
| Economic sector | Media merger |
| Heating and cooling systems and process and building controls. | No |
Notification date: Thursday, March 22, 2012
| Parties Involved | Business activities |
| Scottish Equity Partners LLP | SEP is an independent, owner managed venture capital and growth equity firm which invests in innovative, high growth companies in the IT, healthcare and energy sectors. |
| ESB Novusmodus Limited Partnership | ESB NM is an investment fund established by way of partnership by ESB. |
| Geothermal International Limited | Geothermal International is active in the design and installation of heating and cooling systems and process and building controls. |
| G.D. Investments (Galway) Ltd | |
| Tenants at Westside Shopping Centre | |
| Case Officer Assigned | Contact Details |
| Barry O'Donnell | Tel: 01-804 5396 |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Monday, April 2, 2012 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Friday, April 20, 2012
