January 25
2021
Trajan Shipley
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1st December 2020
Competition & State Aid

Acquisition of joint control over Citation by Hg and KKR: decision published

Official publication has been made of the European Commission’s Decision of 24 November 2020 approving, under Article 6(1)(b) of the Merger Regulation, the acquisition of joint control over the UK-based Citation Group (active in the provision of outsourced compliance and quality services to small and medium enterprises throughout the UK), by:

HgCapital LLP, also of the UK (private equity company which manages investment funds that invest mainly in Europe) and KKR & Co. Inc., of the U.S. (global investment firm that manages multiple alternative asset classes including private equity, credit and real estate assets).

The Commission concluded that the proposed acquisition would raise no competition concerns, given Citation’s mar

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