European Commission clears Apax's acquisition of Gerresheimer's plastic packaging unit

The European Commission has approved Apax Partners' purchase of Gerresheimer's Primary Packaging Plastics unit, finding no competition concerns. The deal gives Apax sole control of the business, which supplies bottles and containers that directly hold a product. The review was carried out under the Commission's simplified merger procedure.

Why this mattersClearance removes the main regulatory hurdle to Apax taking sole control of Gerresheimer's primary plastics business, leaving completion to the parties.

• European Commission cleared Apax Partners' acquisition of Gerresheimer's primary plastic packaging business on Thursday
• The Commission found Apax and the Gerresheimer unit are not active in the same or vertically related markets
• Transaction was assessed under the simplified merger review procedure
• The acquired business makes primary plastic packaging such as bottles and containers
• The case is registered under number M.12602
• Apax Partners LLP is a UK-based investment firm

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