The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Tecomet, Inc. and Orchid MPS Holdings, LLC (‘Orchid’) by Charlesbank Capital Partners, LLC (‘Charlesbank’), all of the US, and Nordic Capital IX Limited (‘Nordic Capital’) of Jersey.
The transaction relates primarily to contract manufacturing services for orthopaedic implants and instruments.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.12319
