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Viridian's move on Metro Performance Glass faces New Zealand public review

( June 5, 2025, 03:15 GMT | Official Statement) -- MLex Summary: The move by Viridian NZ BidCo, owned by Crescent Capital Partners, to acquire the publicly listed Metro Performance Glass is facing a review by New Zealand’s competition regulator. In a statement of preliminary issues, the New Zealand Commerce Commission said it would consider what Viridian and Metro Performance Glass would each do if the proposed acquisition were not to proceed. Crescent Capital Partners, a private-equity firm, also owns Viridian Glass GP. Metro Performance Glass is, like Viridian Glass, involved in the processing and installation of glass in New Zealand.The statement of preliminary issues is attached, along with the companies' clearance application; the regulator's full statement follows: ...

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