In April 2017, the European Commission unconditionally cleared in Phase I the acquisition of the printer business of Samsung Electronics Co. Ltd (Samsung) by HP Inc. (HP). The $1.05 billion transaction was also under scrutiny in other jurisdictions around the world, including Brazil, China, South Korea and the United States.
Among other things, Compass Lexecon conducted an in-depth analysis of the key competitive drivers in the industry, assessed market definition, and investigated the overlap and closeness of competition between the product offerings of the merging parties. The Compass Lexecon team in Europe was led by Enrique Andreu and Jorge Padilla, assisted by Catalina Campillo, Anir Eddarifi and Hyung-Joong Kim, Nicolas Listl and Roberto Venturini who supported HP during the merger control investigation conducted by the European Commission and by several national competition authorities in South America. HP was advised in Europe by Skadden, Arps, Slate, Meagher & Flom LLP in Brussels, led by Giorgio Motta, assisted by Gian Diego Pini and Andreas Kafetzopoulos.
A Compass Lexecon team in the U.S. led by Mark Israel, Frederick Flyer and Elizabeth Wang supported HP during the regulatory process in the U.S. and several Asian jurisdictions including China.