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The Competition Commission of India (CCI) has granted automatic approval for the Avenue-Mavco acquisition of MHM Holding GmbH.

Banking & Finance | Dated: 08 Jan 2025

On January 4, 2025, the Competition Commission of India (CCI) granted automatic approval for the Avenue-Mavco acquisition of MHM Holding GmbH under its Green Channel route. This fast-track approval means the deal doesn’t raise significant competition issues or cause market overlaps in India.

🎯 Key Highlights:

  • - The target company, MHM Holding GmbH, is the parent company of Hubergroup, a global leader in printing inks and chemicals with a major presence in India and Europe.
  • - Avenue India Emergence Private Limited (Avenue), part of the Avenue Capital Group, specializes in specialty lending and investments, operating in markets across the United States (US), Europe, and Asia.
  • - Mavco Investments Private Limited (Mavco) is a privately held company owned by individuals and trusts.

💡 Other Important Facts:

  • (i) The acquisition will see Avenue and Mavco jointly acquire 100% ownership of MHM Holding. A joint venture will be set up in India to manage the business and oversee the transaction locally.
  • (ii) This approval simplifies the regulatory process for mergers and acquisitions, allowing faster clearances for deals that do not negatively affect competition in the market.

📚 Test Your Knowledge:

Which company recently received automatic approval from the Competition Commission of India (CCI) for its acquisition of MHM Holding GmbH?

Correct Answer: Avenue-Mavco

🚀 Quick Recap:

About CCI

  • Chairperson : Ravneet Kaur IAS
  • Headquarters : New Delhi