# C_2016153EN.01001501.xml

| 29.4.2016 | EN | Official Journal of the European Union | C 153/15 |
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29.4.2016

EN

Official Journal of the European Union

C 153/15

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Prior notification of a concentration

(Case M.8001 — Pillarstone/Sirti)

Candidate case for simplified procedure

(Text with EEA relevance)

(2016/C 153/10)

| 1. | On 22 April 2016, 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 Pillarstone Italy SpA (‘Pillarstone’, Italy) an investment fund indirectly controlled by KKR & Co. LP (‘KKR’, United States), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Sirti SpA (‘Sirti’, Italy) by way of purchase of shares. |
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1.

On 22 April 2016, 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 Pillarstone Italy SpA (‘Pillarstone’, Italy) an investment fund indirectly controlled by KKR & Co. LP (‘KKR’, United States), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Sirti SpA (‘Sirti’, Italy) by way of purchase of shares.

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| 2. | The business activities of the undertakings concerned are:
  —   for Pillarstone: Pillarstone is a fund which is indirectly controlled by KKR. Pillarstone has been set up as an investment vehicle to provide companies with new capital,
  —   for KKR: KKR is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit strategies and hedge funds,
  —   for Sirti: Sirti is an Italian-headquartered company active in providing civil engineering services. Sirti focuses on designing, engineering, implementing, maintaining and managing networks and systems to the telecommunications, power, railway, transportation and TV broadcasting industries. In addition, Sirti is active in the IT services industry and provides IT services in the telecommunications, government and utilities sectors. Sirti is largely active in Italy, but also has some activities in other European countries including Sweden. |
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2.

The business activities of the undertakings concerned are:

—   for Pillarstone: Pillarstone is a fund which is indirectly controlled by KKR. Pillarstone has been set up as an investment vehicle to provide companies with new capital,

for Pillarstone

—   for KKR: KKR is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit strategies and hedge funds,

for KKR

—   for Sirti: Sirti is an Italian-headquartered company active in providing civil engineering services. Sirti focuses on designing, engineering, implementing, maintaining and managing networks and systems to the telecommunications, power, railway, transportation and TV broadcasting industries. In addition, Sirti is active in the IT services industry and provides IT services in the telecommunications, government and utilities sectors. Sirti is largely active in Italy, but also has some activities in other European countries including Sweden.

for Sirti

| 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 the 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 the 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 number M.8001 — Pillarstone/Sirti, 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 number M.8001 — Pillarstone/Sirti, 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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