Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 10.12.2019  
C(2019 ) 9075 final  
PUBLIC VERSION  
To the notifying parties   
Subject : Case M .9583  – TPG / HONG LEONG GROUP / COLUMBIA ASIA 
HEALTHCARE  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 18 November 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings TPG Asia VI SF Pte. Ltd. (‘TPG Asia’, Singapore), belonging to TPG, 
USA,  and Hong Leong Healthcare Group Sdn Bhd (‘Hong Leong’, Malaysia), 
belonging to Hong Leong Group, Malaysia,  acquire within the meaning of Article 
3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of the 
undertaking Columbia Asia Healthcare Pte. Ltd. (‘CAHSG’, Singapore)  by way of 
purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for TPG Asia: part of TPG, a private inve stment firm that manages a family of 
funds that invest in a variety of companies through acquisitions and corporate 
restructurings. TPG Asia forms part of the TPG Capital Asia platform, which 
focuses on Asian investments,  
 for Hong Leong: part of Hong Leong  Group, a conglomerate with diversified 
businesses in banking and financial services, manufacturing and distribution, 
property development and investments, hospitality, and leisure. Hong Leong was 
established on August 20, 2019 for the purpose of acquiring  CAHSG and will 
focus on the healthcare sector,  
                                                 
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.  
2  OJ L 1, 3.1.199 4, p. 3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 400, 26.11.2019 , p. 20. 

2  for CAHSG: the holding entity for the Columbia Asia Group, a private healthcare 
company founded in 1996 to provide accessible, affordable, and high -quality 
healthcare to meet the needs of the Asian population. CAHSG has 18 facilities 
across Asia: 12 hospitals in Malaysia, 2 hospitals and 1 clinic in Vietnam, and 3 
hospitals in Indonesia. It currently also operates 11 hospitals in India, which will 
be carved out from the transaction perimeter.  
3. After e xamination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (a) 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 . 
For the Commission  
 
 
(Signed)  
Cecilio MADE RO VILLAREJO  
Acting Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .