Whether or not a concentration would raise competitive concerns must be evaluated through a rigorous economic analysis. Modern economic thinking and sophisticated quantitative techniques are now commonly used by the European Commission and National Competition Authorities to predict the competitive effects of a merger.
We can assist companies and their legal advisors starting from the initial stage of a transaction in order to both identify potential competitive concerns and suggest how to address them.
The assessment of a merger entails many steps:
Our economists employ a wide array of empirical tools, including statistical analysis, econometric techniques and merger simulations, to perform all the above steps and advice clients on how best to structure a concentration to obtain the competition watchdog’s approval.
We have the skills and the experience to present the most sophisticated analyses in a clear and simple manner and make them accessible to a non-technical audience too.
We also support third-party complainants in their submission against potentially anticompetitive concentrations.
Over the last few years, we have advised on mergers in a variety of markets, ranging from air and maritime transportation, to infant food and dairy products, to leisure travel and white good components.
If your company needs advice for any matter related to the notification of a concentration, contact us.
Lear assisted a leading grocery retailer in a phase II merger inquiry before the Italian Competition Authority. The analysis of Lear’s economists aimed at evaluating the risk of unilateral effects following the merger, and included the assessment of relevant product and geographic market definition and the estimation of diversion ratios based on survey data.
Lear was retained by a leading operator in the aerospace industry to assist within a merger case involving one of its rivals. Lear developed analyses aimed at showing how the merger may create the incentives for the merged entity to implement exclusionary practices that would harm competition and the client.
Lear assisted 2i Rete Gas, the second largest operator in the Italian market for natural gas distribution, in the notification to the Italian Competition Authority of a merger between 2i Rete Gas and Nedgia, which is being evaluated by the Italian Competition Authority. Lear has assessed the competitive implications of the merger, quantified the efficiencies […] Read more