The European Commission (EC) has cleared the acquisition by US-based private equity firm Clayton, Dubilier & Rice (CD&R) Fund VI of British food group Brake Bros as “CD&R is not presently active in any of Brake Bros’s business areas and, therefore, the acquisition does not trigger any competition concerns”.
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CD&R Fund VI is one of three private equity investment firms, ultimately controlled by Clayton, Dubilier & Rice (CD&R), which together control a portfolio of companies active in a broad range of sectors.
Brake Bros plc and its subsidiaries are specialised in wholesale distribution of food to the catering industry, including hotels, pubs, restaurants, schools, hospitals and fast food outlets.
The EC commented in a release: “The portfolio companies of CD&R and the various CD&R private equity funds are not active in any of the business areas in which the Brake Bros operates or in any product markets related to these areas. Therefore, the transaction does not lead to any competition concerns and can receive regulatory clearance in the EU.”
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