European Commission - Daily News
Brussels, 6 January 2016
The European Commission has approved under the EU Merger Regulation the acquisition of GCA Services Group, Inc. by Thomas H. Lee Partners, L.P. ("THL") and The Goldman Sachs Group, Inc., all of the US.
THL is investing in growth-oriented global businesses. Goldman Sachs offers a range of banking, securities and investment services worldwide and GCA provides a wide range of facility services, such as janitorial and custodial services as well as labour management.
The Commission concluded that the proposed acquisition would raise no competition concerns, because GCA is not active in the European Economic Area (EEA). The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7882.
(For more information: Lucía Caudet – Tel. +32 229 56182; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)