REG - Competition and Mkts - IVC acquisitions of several vet practices

Nestle SAAnnouncement

23/11/2022 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221123:nRSW3829Ha&default-theme=true

RNS Number : 3829H  Competition and Markets Authority  23 November 2022

 

 

 

Initial Enforcement Orders

 

The CMA has served initial enforcement orders under section 72(2) of the
Enterprise Act 2002 on 31 October 2022, on Independent Vetcare Limited; IVC
Acquisition Pikco Ltd; IVC Acquisition Topco Limited; Islay New Group Holding
S.A.; Société Des Produits Nestlé S.A.; Browne Holding S.à r.l.; EQT AB
and  redacted , in relation to the completed acquisitions by Independent
Vetcare Limited of Penrose Veterinary Group Limited; Kevin Castle (Pet Care)
Ltd; Swayne & Partners Topco Limited (including Swayne & Partners
Ltd); Treforest Vets (Holdings) Limited (including Treforest Veterinary Clinic
Limited); Mercer & Hughes Limited; Swaffham Veterinary Centre Ltd;
Anglesey Pet Clinic Ltd and Chiltern Equine Clinic (including Chiltern
Veterinary Services Ltd & Chiltern Bury Farm Ltd). The initial enforcement
orders all commenced on 31 October 2022.

 

Revocation order

 

The initial enforcement orders served on 31 October 2022 were subsequently
revoked on 17 November 2022 by way of a revocation order served on Independent
Vetcare Limited; IVC Acquisition Pikco Ltd; IVC Acquisition Topco Limited;
Islay New Group Holding S.A.; Société Des Produits Nestlé S.A.; Browne
Holding S.à r.l.; EQT AB and  redacted .

 

Reissuance of initial enforcement orders

 

On 17 November 2022 the CMA served initial enforcement orders under section
72(2) of the Enterprise Act 2002 on Independent Vetcare Limited; IVC
Acquisition Pikco Ltd; IVC Acquisition Topco Limited; Islay New Group Holding
S.A.; Société Des Produits Nestlé S.A.;  EQT Fund Management S.à r.l. and
Berkshire Partners LLC, in relation to the completed acquisitions by IVC of
Penrose Veterinary Group Limited; Kevin Castle (Pet Care) Ltd; Swayne &
Partners Topco Limited (including Swayne & Partners Ltd); Treforest Vets
(Holdings) Limited (including Treforest Veterinary Clinic Limited); Mercer
& Hughes Limited; Swaffham Veterinary Centre Ltd; Anglesey Pet Clinic Ltd
and Chiltern Equine Clinic (including Chiltern Veterinary Services Ltd &
Chiltern Bury Farm Ltd). The initial enforcement orders all commenced on 17
November 2022.

 

The text of the abovementioned orders has been published on the Competition
and Markets Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) .

 

For Publicity:

 

The full title of the Merger Case:

Completed acquisitions by Independent Vetcare Ltd of eight independent
veterinary businesses

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MERUORURUOUAUAA