The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of the share capital of IRCA S.p.A. by Carlyle Group LP, via Biscotto S.r.l..
Carlyle Group LP is a global alternative asset manager that manages assets which are invested on the basis of four investment sectors (a) Corporate Private Equity, (b) Real Assets, (c) Global Market Strategies, (d) Investment Solutions and co-investment and secondary activities.
Biscotto S.r.l. is a limited liability company duly registered under the laws of Italy and is a special purpose vehicle that is controlled by a fund that is managed by Carlyle affiliates.
IRCA S.p.A. is a company duly registered under the Laws of Italy. This company produces and distributes semi-finished bakery and confectionery products to the industrial and artisanal sector, as well as ice cream preparations under the name of Joy Gelato.