Acquirer(s)
- THL Group (Australia) Pty Ltd
Target(s)
- Apollo Tourism & Leisure Ltd
Summary
Tourism Holdings Limited (THL) and its wholly owned subsidiary THL Group (Australia) Pty Ltd proposes to acquire Apollo Tourism & Leisure Ltd (Apollo).
THL and Apollo overlap in the rental, sale and manufacturing of recreation vehicles.
The ACCC commenced its public review of the Proposed Acquisition on 28 January 2022.
On 28 April 2022, the ACCC published a Statement of Issues outlining preliminary competition concerns in relation to the Proposed Acquisition.
On 6 September 2022, the ACCC commenced market consultation on a draft proposed section 87B undertaking.
On 29 September 2022, the ACCC decided to not oppose THL's proposed acquisition of Apollo, subject to the ACCC accepting a court-enforceable undertaking that requires Apollo to divest a large proportion of its motorhome fleet.
Market definition
The ACCC will publish a Public Competition Assessment in due course.
Competition analysis
The ACCC will publish a Public Competition Assessment in due course.
Market inquiries
| Document title | Date | |
|---|---|---|
| THL Apollo - Market inquiries email |
Statement of issues
| Document title | Date | |
|---|---|---|
| THL Apollo - Statement of Issues - 28 April 2022 |
Undertakings
| Document title | Date | |
|---|---|---|
| s87B Undertaking - signed 27 September 2022 |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions. |
|
Former provisional date for announcement of findings (7 April 2022) delayed to allow parties more time to provide additional information. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Timeline suspended pending receipt of further information. Former proposed decision date for announcement of ACCC's findings (21 July 2022) is delayed. ACCC will announce a proposed decision date in due course. |
|
ACCC commenced market consultation on proposed s87B undertaking. ACCC timeline recommenced. |
|
Closing date for submissions relating to the draft proposed divestment undertaking. |
|
ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by the ACCC. |