We advised MB Funds on its acquisition of A-Katsastus Group, the leading Finnish provider of vehicle inspection, driver examination, registration and road traffic licensing services, as well as damage inspection and collision repair services, from Bridgepoint.
MB Funds, a leading Finnish private equity firm, acquired A-Katsastus Group’s damage inspection and collision repair services as well as statutory vehicle inspection, registration and drivers’ examination services. We prepared and filed the merger control notification to the Finnish Competition and Consumer Authority. The FCCA initiated further proceedings and transferred the case to a rare Phase II due to competition concerns of the FCCA stemming from vertical and not horizontal aspects. We obtained a clearance by the FCCA with behavioural commitments and thus avoided the standard practice of the FCCA to accept only structural remedies. The FCCA approved the acquisition conditionally on 11 October 2019.
Transaction Powerhouse – Acquisition of A-Katsastus Group