Prior notification of a concentration (Case COMP/M.7030 — TPG Opportunities/CaixaBank/Servihabitat) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2013-10-08
Institutions: European Commission
Subjects: Spain, bank, economic concentration, insurance, investment company, merger control, real estate business








C_2013292EN.01000301.xml










8.10.2013   


EN


Official Journal of the European Union


C 292/3





Prior notification of a concentration
(Case COMP/M.7030 — TPG Opportunities/CaixaBank/Servihabitat)
Candidate case for simplified procedure
(Text with EEA relevance)
2013/C 292/03






1.


On 27 September 2013, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which TPG Opportunities Partners, LP (‘TPG Opportunities’, USA), controlled by the TPG Group, together with CaixaBank, SA, controlled by Caixa d'Estalvis I Pensions de Barcelona (‘La Caixa’, Spain), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Servihabitat Gestion Immobiliaria, S.L.U (‘Servihabitat’, Spain) by way of purchase of shares in a newly created company constituting a joint venture.










2.


The business activities of the undertakings concerned are:






—


TPG Opportunities is part of the TPG Group, a global private investment firm that manages a family of funds that invest in a variety of companies through acquisitions and corporate restructurings,










—


CaixaBank is a bank controlled by la Caixa, the ultimate parent entity of la Caixa group companies (‘la Caixa Group’). CaixaBank leads within la Caixa Group an integrated financial group with banking, insurance, pension and investment fund activities that operates mainly in Spain with a relevant international presence achieved by means of strategic alliances with major financial groups as well as a network of representatives offices and operational branches in several EU and non-EU countries,










—


Servihabitat, currently belonging to CaixaBank, provides real estate servicing activities.














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.7030 — TPG Opportunities/CaixaBank/Servihabitat, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




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’).