The Competition Commission briefed Acacia Economics to provide expert economic reports and testimony in relation to the Hollard, Regent and related mergers. Initially, the transaction was structured such that Hollard would acquire the underwriting business of Regent (owned by Imperial) which encompassed a number of products, including motor value-added products (VAPs) such as credit life and shortfall cover, warranties and scratch and dent cover. In addition, Motovantage, a jointly owned subsidiary of Hollard and FirstRand/Wesbank, would acquire the VAPs marketing, administration and retail businesses of Imperial. The Competition Commission prohibited the transaction based on its concerns around the parties' overlapping activities in the underwriting of VAPs as well as in downstream VAPS markets. The Commission also had concerns around the distribution arrangements through Imperial dealerships and the ability of Wesbank to influence Finance and Insurance Personnel ("F&Is") to direct customers to finance vehicles and VAPs through Wesbank at Imperial dealerships. Acacia Economics prepared an expert economic report for the Competition Commission which found that the merger could lead to a significant lessening of competition in the market for financial and mechanical VAPs. The merging parties put forward a remedy to the concerns raised which excluded MotoVantage and Wesbank from the transaction and instead meant that Imperial retained its VAPs businesses. The commitments made were sufficient to satisfy the Commission and Tribunal that the transaction would not substantially lessen competition and the revised transaction was subsequently approved by the Tribunal with conditions.