Prior notification of a concentration (Case COMP/M.6680 — CVCIGP II Employee Rosehill/CVCIGP II Client Rosehill/CNK/Holidaybreak) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2012-09-15
Institutions: European Commission
Subjects: economic concentration, investment company, merger control, travel agency








C_2012280EN.01001401.xml










15.9.2012   


EN


Official Journal of the European Union


C 280/14





Prior notification of a concentration
(Case COMP/M.6680 — CVCIGP II Employee Rosehill/CVCIGP II Client Rosehill/CNK/Holidaybreak)
Candidate case for simplified procedure
(Text with EEA relevance)
2012/C 280/12






1.


On 7 September 2012, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) (‘the Merger Regulation’) by which CVCIGP II Employee Rosehill Limited and CVCIGP II Client Rosehill Limited (Mauritius) and Cox & Kings Limited (CNK, India) acquire joint control over Holidaybreak Limited within the meaning of Article 3(1)(b) of the Merger Regulation by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


CVCIGP II Employee Rosehill Limited and CVCIGP II Client Rosehill Limited are private equity funds whose capital is owned by certain Citigroup private equity funds, and which are managed by Citigroup Venture Capital International Investment G.P. Limited, an indirectly wholly owned subsidiary of Citigroup, Inc,










—


CNK is a travel and tours group with operations in 20 countries around the world,including India, the United Kingdom, Australia, Dubai, Japan and the United States. CNK currently owns all of the issued share capital of Holidaybreak via its wholly owned subsidiary Prometheon,










—


Holidaybreak is a European specialist holiday group active mainly in the United Kingdom, Netherlands, Germany and Ireland, with some sales in other European countries. Holidaybreak is engaged in the provision of hotel short-breaks, worldwide adventure and activity holidays, education and language travel and mobile-home and camping holidays, and operates a small number of hotels.














3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the EC 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 EC Merger Regulation (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.










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 COMP/M.6680 — CVCIGP II Employee Rosehill/CVCIGP II Client Rosehill/CNK/Holidaybreak, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




J-70




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










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

(2)  OJ C 56, 5.3.2005, p. 32 (‘Notice on a simplified procedure’).