Commission supports Steinhoff acquisition of KAP
Genesis was retained by the legal advisers to Steinhoff during its acquisition of sole control of KAP International. The project team assisted in clarifying critical elements of the competitive assessment.
These included market segmentation and differentiation in the product markets, where the parties notionally overlapped, as well as vertical issues in the furniture supply chain, which were raised as potential concerns by the Competition Commission.
The merger was unconditionally approved.