Mergers: Commission clears acquisition of EDCO by Gilde Fund VI

The European Commission has approved, under the EU Merger Regulation, the acquisition of Jadi International S.A., (‘EDCO') of Luxembourg, by Gilde Fund VI of the Netherlands.  EDCO is active in the wholesale distribution of non-food fast moving consumer goods, both private label and branded, mainly to large retail chains and petrol stations across Europe. Gilde Fund VI is a private equity fund that invests in medium-sized companies in various sectors in Europe.

The Commission concluded that the proposed acquisition would raise no competition concerns, given the low combined market shares in the limited areas of overlap between EDCO and the portfolio companies of Gilde Fund VI. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under case number M.10293.