Mergers: Commission clears acquisition of MCC Group by CD&R
Daily News 13 / 09 / 2021
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of the Multi-Colour Corporation group (‘MCC Group') by Clayton, Dubilier & Rice Fund XI, L.P. (‘CD&R'), both of the US. MCC Group manufactures and supplies labels to commercial customers across a range of sectors. CD&R is a private equity investment firm, which originates, structures and acts as lead equity investor in management buyouts, strategic minority equity investments and other strategic investments.
The Commission concluded that the proposed acquisition would raise no competition concerns, because the transaction results in only marginal horizontal overlaps between the activities of the companies, and no actual or foreseen horizontal overlaps in the European Economic Area.
The 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.10406.