# m8899.docx

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EUROPEAN COMMISSION

Brussels, 24.05.2018

C(2018)3311 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties:

Subject:Case M.8899 - OTPP / CARLYE / EUROPEAN CAMPING GROUP

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8899

-

OTPP / CARLYE / EUROPEAN CAMPING GROUP

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 24 April 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Ontario Teachers' Pension Plan Board ('OTPP', Canada) acquires within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the undertaking European Camping Group SAS ('ECG', France), together with Carlyle Group ('Carlyle', USA), which already had sole control of ECG. The concentration is accomplished by way of purchase of shares.
  3

1.

On

24

April

2018

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation

by which

the undertaking Ontario Teachers' Pension Plan Board ('OTPP', Canada)

acquire

s

within the meaning of Article

s

3(1

)(

b)

and 3(4)

of the Merger Regulation joint control o

f

the undertaking

European Camping Group SAS ('ECG', France)

,

together with Carlyle Group ('Carlyle', USA), which already had sole control of ECG

. The concentration is accomplished

by way of purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-OTPP is a corporation without share capital incorporated under the Teachers’ Pension Act (Ontario), having its principal office and business address in Toronto, Ontario, Canada. OTPP is concerned with the administration of pension benefits and the investment of pension plan assets on behalf of approximately 318,000 active and retired teachers in the Canadian province of Ontario;

-

OTPP is a corporation without share capital incorporated under the Teachers’ Pension Act (Ontario), having its principal office and business address in Toronto, Ontario, Canada. OTPP is concerned with the administration of pension benefits and the investment of pension plan assets on behalf of approximately 318,000 active and retired teachers in the Canadian province of Ontario;

-Carlyle is a global alternative asset manager, which manages funds that invest globally across four investment disciplines: (i) Corporate Private Equity; (ii) Real Assets; (iii) Global Market Strategies; and (iv) Solutions;

-

Carlyle is a global alternative asset manager, which manages funds that invest globally across four investment disciplines: (

i

) Corporate Private Equity; (ii) Real Assets; (iii) Global Market Strategies; and (iv) Solutions;

-ECG (former Homair Investissement SAS) is a company incorporated in France and active in the outdoor holiday accommodation sector. ECG offers mobile home holidays via five brands (i.e. Homair, Eurocamp, Al Fresco, Roan and Go4Camp). ECG operates approximately 20,000 holiday units, of which over 90% are mobile homes. These are installed across 300 campsites, either owned by ECG or by partners, mainly in France, Italy, Spain and Croatia.

-

ECG (former

Homair

Investissement

SAS) is a company incorporated in France and active in the outdoor holiday accommodation sector. ECG offers mobile home holidays via five brands (i.e.

Homair

,

Eurocamp

, Al Fresco, Roan and Go4Camp).

ECG operates approximately 20,000 holiday units, of which over 90% are mobile homes. These are installed across 300 campsites, either owned by ECG or by partners, mainly in France, Italy, Spain and Croatia.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph 5

(

b

)

of

the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission


  (Signed)

  Johannes LAITENBERGER
  Director-General

For the

Commission

(Signed)

Johannes LAITENBERGER

Director

-

General

(1)


     OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.