Bain Capital Private Equity has decided not to proceed with the acquisition of Belgian packaging company Resilux (RESI.BR) due to an anti-trust ruling in Germany, the investment company said on Tuesday.

Bain Capital said Germany’s anti-trust authority had informed it the combined acquisition of Resilux and UK peer Petainer Topco had not received a so-called phase I clearance and would need to have a phase II review.

The phase I review takes roughly a month. The regulator typically opens a phase II investigation of up to a further three months if it has serious concerns a deal may harm consumers and rivals.

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