The Service of the Commission for the Protection of Competition announces that it has received a notification of concentration by Blakstone Inc. regarding the acquisition of the share capital of The Chamberlain Group LLC, Systems LLC and related assets, through Chariot Buyer LLC.
Chariot Buyer LLC is a special purpose vehicle, duly registered in accordance with the laws of Delaware of the USA, which had no previous activities and which was set up to act as the acquiring company for the purposes of this transaction. Chariot Buyer LLC is jointly controlled by funds consulted or managed by Blackstone Inc.. subsidiaries.
Blackstone Inc. is a global alternative asset manager, listed in the New York Stock Exchange and operates as an investment management company and not as a conglomerate or as a decision-maker. Therefore, each company in Blackstone's investment portfolio is subject to separate management and financing and each has different investors (although investors from Blackstone's different investment funds may overlap). Each Blackstone holding company has its own management board, which often includes representatives of Blackstone.
The target in this merger is The Chamberlain Group LLC, Systems LLC and related assets. Chamberlain Group, LLC is a manufacturer and distributor of residential and commercial door openers and access control products. Systems, LLC is a company duly registered under the laws of Delaware of the USA and is a manufacturer and distributor of lifting platforms (dock-leveler equipment).