The Competition Commission of India (CCI) has granted automatic approval for the Avenue-Mavco acquisition of MHM Holding GmbH.

Banking & Finance

On January 4, 2025, the Competition Commission of India (CCI) granted automatic approval for the Avenue-Mavco acquisition of MHM Holding GmbH under its Green Channel route. This fast-track approval means the deal doesn’t raise significant competition issues or cause market overlaps in India.


      - The target company, MHM Holding GmbH, is the parent company of Hubergroup, a global leader in printing inks and chemicals with a major presence in India and Europe.

      - Avenue India Emergence Private Limited (Avenue), part of the Avenue Capital Group, specializes in specialty lending and investments, operating in markets across the United States (US), Europe, and Asia.

      - Mavco Investments Private Limited (Mavco) is a privately held company owned by individuals and trusts.

Main Point :-   (i) The acquisition will see Avenue and Mavco jointly acquire 100% ownership of MHM Holding. A joint venture will be set up in India to manage the business and oversee the transaction locally.

      (ii) This approval simplifies the regulatory process for mergers and acquisitions, allowing faster clearances for deals that do not negatively affect competition in the market.


About CCI

Chairperson : Ravneet Kaur IAS
Headquarters : New Delhi
          ____________________________