OIF / Mount Kellett / Ulster Bank / Jurys Inn [2013] IECompA m13011 (15 April 2013)
Transaction details
The proposed acquisition of a joint controlling stake in Jurys Inn group of hotels by the Oman Investment Fund, Mount Kellett Capital Management LP and Ulster Bank Ireland Limited has been cleared by the Competition Authority.
| Economic sector | Media merger |
| Hotel/hospitality industry | No |
Notification date: Monday, April 15, 2013
| Parties Involved | Business activities |
| Brian Moran | |
| Universal Travel Agency Limited | OIF is a sovereign wealth fund that makes private equity investments in companies of a production and/or services nature both globally and domestically with the objective of making financial returns. OIF currently has joint control over Jurys Inn through its wholly owned subsidiary the Irish Acquisition Company S.á.r.l. |
| Oman Investment Fund | Mount Kellett is a multi-strategy investment firm focussed on opportunistic and special situation investments globally across asset classes, industries and geographies. |
| Mount Kellett Capital Management LP | Ulster Bank is a wholly owned subsidiary of the RBS Group. Ulster Bank has 1.9 million personal and business customers through 236 outlets across the island of Ireland and a business banking presence in every county. |
| Ulster Bank Ireland Limited | Jurys Inn has 32 hotels located in cities throughout the UK, Ireland and the Czech Republic. |
| Vesaway Limited t/a Jurys Inn | |
| Case Officer Assigned | Contact Details |
| Barry O'Donnell | Tel: 01-804 5396, email : bod@tca.ie |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Thursday, April 25, 2013 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Tuesday, May 7, 2013
