# C_2009057EN.01002901.xml

| 11.3.2009 | EN | Official Journal of the European Union | C 57/29 |
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11.3.2009

EN

Official Journal of the European Union

C 57/29

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Prior notification of a concentration

(Case COMP/M.5478 — IPC Fund/Oaktree Funds/Chesapeake)

Candidate case for simplified procedure

(Text with EEA relevance)

(2009/C 57/08)

| 1. | On 26 February 2009, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which funds of two private equity groups (a) Irving Place Capital Partners III (Cayman), L.P. (‘IPC Fund’, Cayman Islands) and (b) OCM Principal Opportunities Fund IV (USA), L.P. and OCM European Principal Opportunities Fund II (USA), L.P. (‘Oaktree Funds’, USA) will acquire joint indirect control within the meaning of Article 3(1)(b) of the Council Regulation substantially all the US operating assets of Chesapeake Corporation (USA) and its US subsidiaries and Chesapeake's shares in Chesapeake Asia Pacific Limited and Chesapeake UK Holdings Limited (together ‘Chesapeake’) by way of purchase of shares in two newly created corporate vehicles constituting a joint venture. |
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1.

On 26 February 2009, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which funds of two private equity groups (a) Irving Place Capital Partners III (Cayman), L.P. (‘IPC Fund’, Cayman Islands) and (b) OCM Principal Opportunities Fund IV (USA), L.P. and OCM European Principal Opportunities Fund II (USA), L.P. (‘Oaktree Funds’, USA) will acquire joint indirect control within the meaning of Article 3(1)(b) of the Council Regulation substantially all the US operating assets of Chesapeake Corporation (USA) and its US subsidiaries and Chesapeake's shares in Chesapeake Asia Pacific Limited and Chesapeake UK Holdings Limited (together ‘Chesapeake’) by way of purchase of shares in two newly created corporate vehicles constituting a joint venture.

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






  — | for IPC Fund: trusts, funds and similar financial entities, |
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2.

The business activities of the undertakings concerned are:

—

for IPC Fund: trusts, funds and similar financial entities,

| — | for Oaktree Funds: trusts, funds and similar financial entities. |
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—

for Oaktree Funds: trusts, funds and similar financial entities.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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 the Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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 the 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 ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.5478 — IPC Fund/Oaktree Funds/Chesapeake, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| B-1049 Brussels |

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 ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.5478 — IPC Fund/Oaktree Funds/Chesapeake, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

B-1049 Brussels

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(1)  OJ L 24, 29.1.2004, p. 1.

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(2)  OJ C 56, 5.3.2005, p. 32.

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