The Tribunal has unconditionally approved the large merger wherein Project Oxygen Bidco (Pty) Ltd (“OMPE Bidco”) intends to acquire Long4Life Limited (“L4L”).
 
The acquiring group is an international long-term savings, insurance, banking and investment group that offers a range of financial products and services. It has underlying interests, through its private equity division, in companies involved in the supply of certain footwear, apparel and equipment.
 
The target group is an investment holding company primarily focused on acquiring equity interests in businesses within the broader “lifestyle” category of consumer facing enterprises. L4L currently operates through three core divisions, namely: sport and recreation; beverages; and personal care and wellness.
 

The Tribunal has unconditionally approved the large merger whereby CFAO Motors South Africa (Pty) Ltd (“CFAO Motors”) intends to acquire William Simpson Cars (Pty) Ltd (“William Simpson Cars”).
 
The acquiring group is active in the distribution of pharmaceutical products and the retailing of motor vehicles. Relevant to this transaction are its activities in the retail motor industry which include the (i) sale of new and pre-used vehicles; (ii) sale of parts and accessories and (iii) aftermarket services through their franchised dealerships in South Africa.
 
The target firm is active in the retail motor industry through its Nissan dealership in Cape Town. The dealership sells new and pre-owned light commercial vehicles and passenger vehicles. The target firm also sells parts and accessories and provides aftermarket services.