“A lack of competition in SSCP’s recent acquisition?” – CMA are investigating whether SSCP has acted anti-competitively in Acorn acquisition
In September this year, the Competition Markets Authority (CMA) served an Initial Enforcement Order (IEO) on Stirling Group and SSCP Spring Topco for an allegation that they acted anti-competitively in their recent acquisition.
Earlier this year, Acorn Care 1 Ltd was acquired by SSCP Spring. Acorn is a reputable care service provider who offers special needs education, residential and foster care, for children and young adults with complex needs.
But the acquisition may be in breach of the rules!