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Notification of a concentration concerning the acquisition of the share capital of Corel Corporation from KKR & Co. Inc., via Bidco Cascade Corp.
20/05/2019

The Service of the Commission for the Protection of Competition announces that it has received from KKR & Co. Inc., a notification of a concentration regarding the acquisition, through Bidco Cascade Corp., of Corel Corporation's share capital.

KKR & Co. Inc., which is listed in the New York Stock Exchange, is a worldwide investment company, which offers a wide range of alternative investment funds and other investment products to investors. The said company also provides solutions for capital markets for itself, affiliated portfolio companies and other clients.

Bidco Cascade Corp. is a special-purpose company, duly registered in British Colombia, Canada. The said company has no business activities and was set up for the purposes of the notified concentration.

Corel Corporation is a company duly registered in British Colombia, Canada. This company is engaged in computer desktop software and cloud-based software, including graphic software for illustration and design, digital painting/media software, planning and productivity software, etc.

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