Prior notification of a concentration (Case M.8139 — Onex/Pain & Partners/WireCo) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2016-07-30
Institutions: European Commission
Subjects: economic concentration, electric cable, industrial manufacturing, merger control, wire








C_2016278EN.01005101.xml










30.7.2016   


EN


Official Journal of the European Union


C 278/51





Prior notification of a concentration
(Case M.8139 — Onex/Pain & Partners/WireCo)
Candidate case for simplified procedure
(Text with EEA relevance)
(2016/C 278/07)






1.


On 22 July 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 undertakings Onex Corporation (‘Onex’, Canada), and Pain & Partners LLC (‘Paine’, USA) acquire within the meaning of Article 3(1)(b) of the Merger Regulation whole control by way of purchase of shares in the joint venture WireCo Worldgroup (Cayman) Inc., (‘WireCo’, USA).










2.


The business activities of the undertakings concerned are:






—


for Onex, investment in companies through private equity funds. Companies currently controlled by private equity funds managed by affiliates of Onex are active in a number of industry sectors including electronics manufacturing services, healthcare imaging, health and services, aerospace automation, tooling and components, aircraft leasing and management, business services/trade shows, restaurants, hospital management services and survival equipment. In addition, Onex has investments in real estate, credit strategies and mid-market private equity opportunities,










—


for Paine, a private equity firm that focusses on management buyouts and growth capital investments. Paine manages investments on behalf of leading global financial institutions and investors with a focus on the food and agribusiness industries,










—


For WireCo, global manufacturer of highly engineered and general purpose wires, steel wire and synthetic ropes (and related hardware products), electromechanical cable and highly engineered cable structures, based in the USA.














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.










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.8139 — Onex/Pain & Partners/WireCo, 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 ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.