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Image header Agence Europe
Europe Daily Bulletin No. 10434
Contents Publication in full By article 11 / 16
GENERAL NEWS / (ae) eu/competition

04/08/2011 (Agence Europe) - Concentrations: Carlyle/RAC. On Thursday 4 August, the European Commission cleared the acquisition of sole control by the Carlyle Group of RAC Limited. Carlyle is a global alternative asset manager, which sponsors funds that invest globally across four investment disciplines (buy-out, credit alternatives, growth capital and real estate) in a range of industries. RAC is a company active in the UK in three business segments: breakdown services (from which it derives the vast majority of its turnover), insurance broking and legal and motor claims services. The operation was examined under the simplified merger review procedure. (F.G./transl.jl)