MassMutual given clearance for acquisition of sole control of MVC Capital
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of MVC Capital (investment company) by MassMultual (mutual life insurance company), both of the US.
The Commission concluded that the proposed acquisition would raise no competition concerns given that the overlapping activities of the companies in private equity investments would result in very modest combined market shares. Additionally, there are no vertical relationships between their products.
The case number is M.9991.