Macquarie Capital Alliance Group - proposed acquisition of a 49% equity interest in Zig Inge Retirement Villages Group


Macquarie Capital Alliance Group acquisition of a 49% interest in Zig Inge Retirement Villages Group

Market definition

The ACCC assessed the impact of the acquisition on both the broad national market for accommodation facilities for senior citizens and the more narrow regional markets for retirement village accommodation.

Competition analysis

The ACCC concluded that the acquisition is not likely to result in a substantial lessening of competition in any of the relevant markets having regard to MCAG's post-acquisition market share, the fact that barriers to entry appear to be low and the relevant markets highly fragmented, with substitutes readily available.

On this basis, the ACCC did not intervene in the acquisition.