Merger control: Commission approves proposed acquisition of Foodvest by Lion Capital

The Commission has cleared the proposed acquisition of Foodvest by Lion Capital, both UK based companies. Lion Capital is a global private equity investor primarily focused on investments in businesses engaged in the production and/or sale of consumer-branded goods. In particular, Lion Capital controls Vaasan&Vaasan which is a manufacturer of bakery products and bake-off products in Scandinavia. Foodvest is active in the processing and distribution of frozen and chilled food products and serves the retail and foodservice sector mainly in the UK, France and the Nordic Countries. The Commission concluded that the proposed acquisition will not create or strengthen such a dominant market position that would significantly impede effective competition in the EEA or in any substantial part thereof.

Source: Commission Press Release 18/9/2008

Roschier, Attorneys Ltd. - Sweden