South Pacific Laundry - Spotless Laundries

Acquirer(s)

  • South Pacific Laundry

Target(s)

  • Spotless Laundries

Summary

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.  

Statement of issues

Document title Date

Timeline

DateEvent
11/05/2020ACCC commenced informal review under the Informal Merger Review Process Guidelines.
29/05/2020Closing date for submissions.
14/07/2020Former provisional date for announcement of findings (23 July 2020) delayed to allow the ACCC more time to review information provided by the merger parties.
04/08/2020Former provisional date for announcement of findings (6 August 2020) is delayed to allow the merger parties to provide further information to the ACCC.
27/08/2020ACCC published a Statement of Issues outlining preliminary competition concerns.
18/09/2020Closing date for submissions relating to Statement of Issues.
26/10/2020ACCC is awaiting information from the parties. Former provisional date for announcement of findings (26 November) is delayed.
04/11/2020The ACCC discontinued this review after SPL withdrew its application for informal merger clearance.