09 may : Education, training and services to individuals sectors
The Autorité de la concurrence clears the acquisition of the MCP Education company (Acadomia, Shiva)
by IK Investment Partners society
The notified transaction
On 9 April 2018, IK Investment Partners notified the Autorité de la concurrence of its plan to acquire MCP Education.
Parties to the transaction
The Investment Partners company is a European private equity company, composed of 4 funds which invest in middle to big-sized European companies, active in varied economic sectors.
The MCP Education company is made of 15 subsidiaries, mainly active in the tutoring at home sector (under the trade name «Acadomia»); services to individuals (cleaning and ironing among other activities, under the trade name « Shiva »); vocational training and management of private secondary schools.
The Autorité was able to rule out any competition issue
As the companies' positions in the markets concerned are limited, the Autorité de la concurrence could rule out any competition issue and clear the transaction without conditions.
A decision taken within a short time frame
Due to the absence of competition issues, the Autorité cleared the transaction within a very short time frame (8 working days before the expiry of the legal time limit of 25 working days.)