16/06/2014 (Agence Europe) - CVC's acquisition of Parexgroup given thumbs-up. On 16 June, the European Commission gave the go-ahead to the acquisition of the mortar producer ParexGroup of France by the Luxembourg-based private equity group CVC Capital Partners . There are no horizontal overlaps between the activities of ParexGroup and CVC or any of its portfolio companies. But CVC, jointly with another private equity fund Clayton, Dubilier & Rice, controls Univar which is a distributor of commodity and specialty chemicals that can be used in the production of mortar. The Commission concluded that the vertical link between Univar and ParexGroup would not raise competition concerns because Univar's competitors would still have a sufficient number of clients and ParexGroup's competitors would still have a sufficient number of alternative suppliers of specialty and commodity chemicals after the transaction. (EL)