Prior notification of a concentration (Case M.9548 — Apollo Capital Management/Covivio/Hilton Kilmainham) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 361/07
Date: 2019-10-25
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, hotel industry, investment company, merger control








C_2019361EN.01000701.xml










25.10.2019   


EN


Official Journal of the European Union


C 361/7






Prior notification of a concentration
(Case M.9548 — Apollo Capital Management/Covivio/Hilton Kilmainham)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 361/07)

1.   

On 16 October 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:






—


Apollo Capital Management, L.P. (‘Apollo’, U.S.A.),










—


Covivio, S.A. (‘Covivio’, France),










—


Hilton Kilmainham Hotel (‘Hilton Kilmainham’, Ireland).




Apollo and Covivio acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Hilton Kilmainham.
The concentration is accomplished by way of purchase of shares and a hotel management agreement.

2.   
The business activities of the undertakings concerned are:






—


for Apollo: investments funds managed by affiliates of Apollo invest in companies and debt issued by companies involved in various businesses throughout the world. Examples of current investments include, inter alia, companies in education, insurance, financial services, lighting, and leisure businesses,










—


for Covivio: is a French real estate investment group with a commercial assets portfolio across Europe mainly comprising of offices, as well as residential assets and hotels. Covivio currently owns 466 hotels in countries in the EEA (France, Germany, UK, Spain, Belgium, Netherlands, and Portugal), and manages seven of these hotels directly,










—


for Hilton Kilmainham: is a four star hotel in Dublin city centre, offering 120 bedrooms, as well as a restaurant, bar and conference facilities.






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.9548 — Apollo Capital Management/Covivio/Hilton Kilmainham
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.