Press Release: Mergers: Commission clears acquisition of joint control of Maxam by Advent and a group of individuals

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control of the Spanish company MaxamCorp Holding S.L. by US based Advent International Corporation and approximately 110 individuals including Maxam's current managers, technical experts, other employees and co-investors. The Commission examined the vertical links created by the proposed transaction and concluded that the merged entity would continue to face sufficient competition.