Blackstone: the Commission clears acquisition of Esdec
(CercleFinance.com) - The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Esdec Solar Group by Rivean, both of the Netherlands, and Blackstone of the US.
Esdec is a supplier and distributor of professional solar panel mounting systems primarily for residential and commercial roofs. Rivean is a European middle market private equity investor.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies' activities and the fact that they are not active on related markets. The transaction was examined under the simplified merger review procedure.
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