# C_2017124EN.01000801.xml

| 21.4.2017 | EN | Official Journal of the European Union | C 124/8 |
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21.4.2017

EN

Official Journal of the European Union

C 124/8

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Prior notification of a concentration

(Case M.8462 — KKR/CDPQ/USI Insurance Services)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 124/07)

| 1. | On 11 April 2017, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking KKR & Co. L.P. (‘KKR’, United States) and Caisse de depot et placement du Quebec (‘CDPQ’, Canada) will acquire within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control over USI Insurance Services (‘USI’ or ‘Target’, United States). |
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1.

On 11 April 2017, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking KKR & Co. L.P. (‘KKR’, United States) and Caisse de depot et placement du Quebec (‘CDPQ’, Canada) will acquire within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control over USI Insurance Services (‘USI’ or ‘Target’, United States).

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| 2. | The business activities of the undertakings concerned are:






  — | KKR is a global investment firm based in the United States which offers a range of alternative asset management services to public and private market investors and providing capital markets solutions for the firm, its portfolio companies and clients. |
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2.

The business activities of the undertakings concerned are:

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KKR is a global investment firm based in the United States which offers a range of alternative asset management services to public and private market investors and providing capital markets solutions for the firm, its portfolio companies and clients.

| — | CDPQ is an institutional investor active globally which manages funds primarily for public and para-public pension and insurance plans. CDPQ invests in major financial markets, private equity, infrastructure and real estate. |
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CDPQ is an institutional investor active globally which manages funds primarily for public and para-public pension and insurance plans. CDPQ invests in major financial markets, private equity, infrastructure and real estate.

| — | The Target is an insurance brokerage and consulting firm active in property and casualty, employee benefits, personal risk services, retirement, program and specialty solutions in the United States. |
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The Target is an insurance brokerage and consulting firm active in property and casualty, employee benefits, personal risk services, retirement, program and specialty solutions in the United States.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8462 — KKR/CDPQ/USI Insurance Services, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8462 — KKR/CDPQ/USI Insurance Services, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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