Since being acquired in 2018 by compatriot private equity company Rivean Capital – formerly Gilde Buy Out Partners – Esdec has embarked on a spree of acquisitions which, according to a post on Blackstone's website in July, saw it grow from around €30 million ($28.9 million) of annual sales in the Benelux countries to €500 million across three continents.
Blackstone announced its intent to invest in an unspecified percentage of Esdec shares in July.
“The company is well-positioned to benefit from attractive organic market growth and consolidation opportunities in the years to come,” Blackstone said of Esdec in July.
The commission is considering whether the move, which would see Blackstone take joint ownership of the business, is in line with its merger and acquisition rules.
The EU executive has asked for submissions on the proposed deal by Saturday, Oct. 8.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.