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Image header Agence Europe
Europe Daily Bulletin No. 9504
Contents Publication in full By article 30 / 43
GENERAL NEWS / (eu) eu/competition

Commission clearance for proposed acquisition of Zodiac Marine by Carlyle

Brussels, 18/09/2007 (Agence Europe) - On Tuesday 18 September, the Commission cleared the proposed acquisition of Zodiac Marine, a business segment of the French company, Zodiac SA, by private investment firms Carlyle Europe Partners II L.P. and Carlyle Europe Partners III L.P. (together “Carlyle”). The Commission examined the operation for any overlapping between Zodiac Marine, which deals in swimming pools and related products, and Carlyle, which is a private equity firm that controls Jandy Pool Products Inc, also active in pool and spa products. It came to the conclusion that the proposed transaction showed few horizontal overlaps as Jandy has limited sales in Europe. It therefore considers the proposed acquisition would pose little risk for competition in the sector. (cd)

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