Simon Chisholm

Primary location

8 Finsbury Circus
London, EC2M 7EA, UK

Simon Chisholm

Vice President

“lauded emphatically by peers as absolutely outstanding at anticipating what the authority’s claims might be

analytically and intellectually brilliant”

“leaves no stone unturned, and is very sharp

WWL Future Leaders 2019

Simon advises firms on competition investigations, market investigations, mergers, acquisitions and joint ventures. He has led teams of economists on the analysis on mergers before the European Commission, the UK competition authority, and other jurisdictions worldwide (US, Australia, Singapore, Korea). He advises on assessments of alleged abusive conduct and dominance, information exchange, and vertical agreements (in particular online distribution agreements and retail price maintenance).

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. 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.

Global Competition Review’s Who’s Who Legal recognised Simon as a Future Leader (under 45 years old) in Competition Economics, noted him as one of the most highly regarded and noting he is “lauded emphatically by peers as absolutely outstanding at anticipating what the authority’s claims might be“. He was also included in GCR’s 40 under 40 2020, a list of the top young antitrust professionals in the world.

Simon currently teaches about merger assessment on KCL’s PGDip in Economics for Competition Law.


Recent project experience includes advising:

  • A firm as part of the CMA’s funerals market investigation
  • Merging parties in the merger of Charter Court and OneSavings Bank
  • Merging parties in PayPal‘s $2.2 billion acquisition of iZettle.
  • Merging parties in the merger between Asda and Sainsbury’s.
  • Merging parties in Cargotec MacGregor‘s $100 million acquisition of TTS Group (including clearance in Germany, Korea and China).
  • ClearScore in its $364 million acquisition by Experian.
  • Merging parties in The Stars Group‘s US$4.7 billion acquisition of Sky Betting and Gaming (2018), which combined the largest global and UK online poker platform with the largest online betting platform 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.
  • Merging parties in European Metal Recycling‘s £53 million acquisition of Metal and Waste Recycling (2018)
  • 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). DFS is the leading sofa retailer in the UK.
  • Hungryhouse in its £240 million acquisition by Just Eat (2017), combining to create the largest take-away food ordering platform in the UK.
  • easyJet in its £35 million acquisition of Air Berlin (2017), cleared unconditionally by the European Commission despite being the only airlines operating on multiple routes pre-merger.
  • 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), a platform merger in energy and commodities derivatives trading raising vertical issues.
  • Merging parties in Tullett Prebon‘s US$1.6 billion acquisition of ICAP (2016), combining the two leading voice brokers in a number of asset classes (including clearance in UK, Australia and Singapore).

Publications:

The Commission’s e-commerce sector inquiry – Time to change presumptions on vertical restraints?
Competition Law & Policy Debate, 2017
The decision to investigate mergers in the UK’s voluntary regime (nominated for Antitrust Writing Award 2018 – downloadable here)
Journal of Competition Law & Economics, 2017

Cases

PayPal/iZettle

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News Articles

Simon Chisholm and Oliver Latham included in GCR’s 40 under 40.

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CMA prohibits ICE/Trayport vertical merger

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CMA gives final approval for Tullett Prebon’s acquisition of ICAP’s global broking business

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Publications

Roche/Spark and pharma mergers: acquiring a ‘pipeline’ potential competitor and ‘killer acquisition’ concerns

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Acquisitions of Potential Rivals in Digital/Tech: Valuation Analysis as Key Economic Tool - PayPal/iZettle

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