On 6 April 2012, the Commission for the Protection of Competition (hereinafter the «Commission») received notification of a proposed concentration by the company AnaCap FP GP II Limited (hereinafter "AnaCap"), in accordance with Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99) (hereinafter the «Law»). The transaction concerns the acquisition of the International division of IFG Group Plc (hereinafter "the International Division of IFG ") by AnaCap.
AnaCap FP GP II Limited is a limited liability company duly registered under the laws of Guernsey. AnaCap FP GP II Limited controls AnaCap Financial Partners II, L.P., which is a Private Equity Fund. This Fund focuses its investments in the European financial services. The acquisition is carried out through Deek Acquisitions Limited, a newly formed company duly registered in Isle of Man, which is controlled by AnaCap FP GP II Limited. For purposes of processing the acquisition by AnaCap FP GP II Limited, another company has been created, Deek Holdings Limited, which is also registered in the Isle of Man.
IFG Group Plc is a public company listed on London and Ireland Stock Exchange. IFG Group Plc provides services of economic nature, especially international consulting services, fund management and Trustee and Corporate Services in Ireland, the United Kingdom and the remaining Europe. The target company of this merger is the International Division of IFG Group Plc. The majority of entities that constitute the International Division of IFG Group Plc are under IFG Holdings Limited. Also, two other small entities are under the International Division of IFG Group Plc and concern this transaction. These two small entities, prior to the completion of this concentration are subsidiaries of IFG Group Plc. IFG engages in commercial activities within the Republic of Cyprus