Merger Update: Montagu/ParentPay

RNS Announcement

RNS Number : 8996E

Competition and Markets Authority

12 July 2021

Merger Clearance: Montagu / ParentPay merger inquiry

The CMA has decided, on the information currently available to it, not to refer the following merger to a Phase 2 investigation under the provisions of the Enterprise Act 2002:

Title of Merger case: anticipated acquisition by Montagu Private Equity LLP where it agreed to (i) acquire certain ParentPay (Holdings) Limited (PPH) securities, and (ii) sell its shares in Capita ESS Limited (ESS) to PPH, in consideration for further securities in PPH.

The text of this decision will be placed on the Competition and Markets Authority's web site at Montagu / ParentPay merger inquiry - GOV.UK (www.gov.uk) as soon as is reasonably practicable.

In the event of media enquiries please email Press@cma.gov.uk

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RNS metadata

Title: Merger Update: Montagu/ParentPay
Time: 15:00:01
Date: 12 Jul 2021
Category: Acquisitions and alliances
ID: 8996E