Prior notification of a concentration (Case M.9335 — Triton/Luxinva/IFCO Systems) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-04-16
Institutions: European Commission
Subjects: carriage of goods, economic concentration, fresh product, investment company, merger control, packaging, plastics








C_2019140EN.01001401.xml










16.4.2019   


EN


Official Journal of the European Union


C 140/14






Prior notification of a concentration
(Case M.9335 — Triton/Luxinva/IFCO Systems)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 140/10)

1.   
On 9 April 2019, 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:






—


Triton Managers V Limited (Jersey), Triton Fund V GP S.à r.l. (Luxembourg), Triton Fund V F&F No 3 General Partner Limited (Jersey) and TFF V Limited (Jersey) (together referred to as ‘Triton Fund V’),










—


Luxinva S.A. (‘Luxinva’, Luxembourg),










—


IFCO Systems B.V. (‘IFCO Group’, the Netherlands).




Triton Fund V and Luxinva acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the IFCO Group. The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   for Triton Fund V: belongs to a group of independent European private equity funds managed and advised by the Triton group (collectively ‘Triton’, Channel Islands). The private equity funds managed by the Triton group, including Triton Fund V, are dedicated to investing primarily in medium-sized businesses headquartered in Northern Europe, with particular focus on businesses in three core sectors: Business Services, Industrials and Consumer/Health,
—   for Luxinva: an indirect, wholly-owned subsidiary of the Abu Dhabi Investment Authority (‘ADIA’) and owns private equity investments. ADIA is a government entity owned by the Emirate of Abu Dhabi. It invests funds allocated to it by the government of Abu Dhabi and manages a global investment portfolio that is diversified across multiple asset classes,
—   for the IFCO Group: active in the food transportation packaging sector. It provides pooled reusable plastic containers (‘RPCs’) that are primarily used to transport fresh food products (including fruits, vegetables, meat and poultry, seafood, eggs and bakery goods) from growers or manufacturers to grocery retailers. The IFCO Group also provides management services in relation to its RPCs ranging from delivering clean containers to producers, collecting them from retailers, to cleaning and sanitizing them for re-use.


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.9335 — Triton/Luxinva/IFCO Systems
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.