Mergers: EU Commission clears acquisition of joint control over Quorum Health Corporation by Davidson Kempner Capital Management LP and GoldenTree Asset Management LP
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Quorum Health Corporation by Davidson Kempner Capital Management LP (“Davidson Kempner) and GoldenTree Asset Management LP (“GoldenTree”), all of the US.
Quorum Health Corporation provides hospital services in the US. Davidson Kempner is an alternative asset manager mainly active in the US, which pursues a variety of investment strategies such as investments in distressed debt, high yield bonds and leveraged loans.
GoldenTree is an asset manager active globally, which specialises in various services such as credit-based opportunities, leveraged loans and distressed debt. The Commission concluded that the proposed acquisition would raise no competition concerns since the companies are not active in the same markets.
The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.9845.
Arianna Podesta –