- Spotless Laundries
South Pacific Laundry (SPL) proposed to acquire Spotless Laundries.
SPL is a subsidiary of private equity firm Anchorage Capital Partners. Spotless Laundries is the laundries services business of Spotless Group Holdings Limited, which is wholly owned by Downer EDI Limited.
Both parties are active in the commercial laundry services industry in Australia.
|11/05/2020||ACCC commenced informal review under the Informal Merger Review Process Guidelines.|
|29/05/2020||Closing date for submissions.|
|14/07/2020||Former provisional date for announcement of findings (23 July 2020) delayed to allow the ACCC more time to review information provided by the merger parties.|
|04/08/2020||Former provisional date for announcement of findings (6 August 2020) is delayed to allow the merger parties to provide further information to the ACCC.|
|27/08/2020||ACCC published a Statement of Issues outlining preliminary competition concerns.|
|18/09/2020||Closing date for submissions relating to Statement of Issues.|
|26/10/2020||ACCC is awaiting information from the parties. Former provisional date for announcement of findings (26 November) is delayed.|
|04/11/2020||The ACCC discontinued this review after SPL withdrew its application for informal merger clearance.|