Prior notification of a concentration (Case M.10107 — BlackRock/Mubadala/Goldman Sachs/Calisen) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 451/05
Date: 2020-12-29
Institutions: Directorate-General for Competition, European Commission
Subjects: banking, consultancy, economic concentration, electrical equipment, energy industry, financial services, investment company, measuring equipment, merger control, public procurement








C_2020451EN.01000701.xml










29.12.2020   


EN


Official Journal of the European Union


C 451/7






Prior notification of a concentration
(Case M.10107 — BlackRock/Mubadala/Goldman Sachs/Calisen)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 451/05)

1.   
On 21 December 2020, 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:






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BlackRock Alternatives Management LLC (‘BAM’, USA), an indirect wholly-owned subsidiary of BlackRock Inc. (‘BlackRock’, USA),










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Ninteenth Investment Company LLC (‘Ninteenth’, Abu Dhabi) wholly owned by Mubadala Investment Company PJSC (‘Mubadala’, Abu Dhabi),










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Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA) and WSIP III (USA), a fund indirectly managed by Goldman Sachs,










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Calisen plc is a public company listed on the London Stock Exchange (‘Calisen’, UK).




BlackRock, Mubadala and Goldman Sachs acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Calisen.
The concentration is accomplished by way of public bid announced on 11 December 2020.


2.   
The business activities of the undertakings concerned are:






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for BAM: controls and manages investment decisions of a fund which operates globally and focusses on investments in the energy and power infrastructure value chain. It is an indirect subsidiary of BlackRock, a global investment, asset and risk management firm, which also provides advisory services to institutional and retail clients around the world,










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for Ninteenth: manages Mubadala’s energy infrastructure portfolio. It is an indirectly wholly-owned subsidiary of Mubadala, which invests globally and actively manages a diversified portfolio with priority sectors including aerospace, ICT, semiconductors, metals & mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, defence services, pharma & medtech, agribusiness and a global portfolio of financial holdings,










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for Goldman Sachs: a global investment banking, securities and investment management firm that provides a range of banking, securities and investment services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals,










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for Calisen: procurement, installation, ownership and management of a portfolio of electricity and gas meters, with a particular focus on smart meters in the UK.






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.10107 — BlackRock/Mubadala/Goldman Sachs/Calisen
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.