The Service of the Commission for the Protection of Competition received on behalf of the company EQT VI Ltd notification of a proposed concentration according to section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the purchase, of 100% of the share capital of Vertu Corporation Ltd, through Crown Bidco Ltd.
EQT VI Ltd is a company duly registered in accordance with the laws of Guernsey. This company acts as general partner of the partnership EQT VI (General Partner) LP. EQT is a group of leading private equity funds with investments in Northern and Eastern Europe, Asia and the US. Activities focus on buyouts, growth financing and infrastructure. Holding companies owned by EQT Group operate in Cyprus through a distributor.
Vertu Corporation Ltd is a private company duly registered under the laws of United Kingdom, and is active in the manufacture and sale of premium mobile phones sector. This company is owned by Vertu Holdings Oy which is a subsidiary of Nokia Corporation and represents a part of Nokia business activities, which have been separated from the rest of Nokia activities and concern the manufacture and sale of premium mobile phones and accessories, and the after sale service. The Vertu Corporation Ltd operates in Cyprus through a distributor.
Crown Bidco Ltd is a company duly registered under the laws of England, indirectly owned by EQT VI Ltd and established as an investment vehicle for this merger.