Simon Chisholm

Simon Chisholm

Vice President

Simon advises firms on mergers, acquisitions, joint ventures, competition investigations and market studies. He has led the economic analysis and strategy on mergers and acquisitions before the European Commission and the CMA (the UK competition authority), as well as several other jurisdictions worldwide (US, Australia, Singapore, Korea). He advises on assessments of alleged abusive conduct and dominance, information exchange, and vertical agreements.

Prior to joining CRA, Simon spent over six years at the UK’s Competition and Markets Authority (and its predecessor the Office of Fair Trading) where he directed the team of economists analysing UK mergers as Head of Merger Economics and was involved in most major merger decisions during his time there. While at the CMA Simon was also previously the lead economist on merger cases and a deputy director of economics.

Following his time at the CMA, Simon was a Senior Civil Servant in the UK Government responsible for directing the economic analysis for UK consumer and competition policy. In this role he was also responsible for UK economic regulation policy and sponsorship of Ofcom and the UK Regulators Network.

Simon has led or directed the economic assessment on cases across a wide range of sectors, including:

  • Retail and local markets (e.g. DFS/Sofology, Pure Gym/The Gym, Optimax/Ultralase, Breedon/Aggregate Industries, Cineworld/Picturehouse, Rank/Gala)
  • Tech, platforms and digital markets (e.g. Paypal/iZettle, Stars/Sky Betting, Just Eat/Hungryhouse, Google/Waze)
  • Financial services (e.g. ICE/Trayport (for intervener), TP/ICAP, LSE/LCH.Clearnet, ICE/APX-Endex, Blackrock/Credit Suisse ETFs)
  • Transport (e.g. easyJet/Air Berlin, Ryanair/Aer Lingus (minority shareholding), Eurotunnel/SeaFrance)
  • Manufacturing and B2B (e.g. Refresco/Cott, Akzo Nobel/Metlac)

Simon currently teaches about merger assessment on KCL’s PGDip in Economics for Competition Law and the EU Competition Law Summer School.

Recent project experience includes advising:

  • Merging parties in PayPal‘s $2.2 billion acquisition of iZettle.
  • Merging parties in Cargotec MacGregor‘s $100 million acquisition of TTS Group
  • Merging parties in The Stars Group‘s US$4.7 billion acquisition of Sky Betting and Gaming (2018), which combined the largest online poker and largest online sports book operators in the UK.
  • Merging parties in BPL‘s US$1.6 billion acquisition of Biotest (2018), the two largest European suppliers of blood plasma-derived antibodies.
  • Refresco in its €1.3 billion acquisition of Cott Beverages (2018), creating the largest independent soft drinks bottler in Europe and North America.
  • Merging parties in DFS‘s £25 million acquisition of Sofology (2017), strengthening the position of the leading sofa retailer in the UK.
  • Hungryhouse in its £240 million acquisition by Just Eat (2017), strengthening the position of the largest take-away food ordering platform in the UK.
  • easyJet in its £35 million acquisition of Air Berlin (2017)
  • The complainant in the CMA’s online auctions platforms antitrust investigation (2017)
  • The defendant in the CMA’s antitrust investigations in the light fittings sector (2017)
  • Cineworld in its £94 million acquisition of Empire cinemas (2016)
  • The main complainant in the CMA’s prohibition of ICE/Trayport (2016)
  • Merging parties in Tullett Prebon‘s US$1.6 billion acquisition of ICAP (2016)

Education

MSc, Economics, Universitat Pompeu Fabra (Barcelona Graduate School of Economics)