Prior notification of a concentration (Case M.9232 — Ivanhoe Cambridge/Macquarie/RHP Manager/RHP Platform) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-01-10
Institutions: European Commission
Subjects: banking, consultancy, economic concentration, financial services, investment company, merger control, provision of services, real estate business, subsidiary








C_2019009EN.01001101.xml










10.1.2019   


EN


Official Journal of the European Union


C 9/11






Prior notification of a concentration
(Case M.9232 — Ivanhoe Cambridge/Macquarie/RHP Manager/RHP Platform)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 9/12)

1.   
On 21 December 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Ivanhoe Cambridge Inc. (‘Ivanhoe’, Canada),










—


Macquarie Group Limited (‘Macquarie’, Australia),










—


RHP Partners-Manager, LLC (‘RHP Manager’, United States of America),










—


RHP Partners, LLC and RHP AM, LLC (together, the ‘RHP Platform’, United States of America), currently controlled by Macquarie and RHP Manager.




Ivanhoe, Macquarie and RHP Manager acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control over RHP Platform.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   for Ivanhoe: a global real estate investor and a subsidiary of the Canadian pension manager Caisse de depot et placement du Québec;
—   for Macquarie: a global provider of banking, financial, advisory, investment and funds management services, acting on behalf of institutional, corporate and retail clients and counterparties around the world;
—   for RHP Manager: owns, manages and operates a portfolio of manufactured home communities in the United States;
—   for RHP Platform: currently holds and manages a portfolio of nine real estate assets across the United States.


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 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. The following reference should always be specified:
M.9232 — Ivanhoe Cambridge/Macquarie/RHP Manager/RHP Platform
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal 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.