Merger Update: iQSA Holdco / GCP

Start of CMA Merger Investigation: Anticipated acquisition by iQSA Holdco Limited of certain assets of GCP Student Living Plc

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 18 October 2021 and has a deadline of 13 December 2021 for its phase 1 decision.