Prior notification of a concentration (Case M.10443 — Allianz Capital/Aimco/Dalmore/Generation/Porterbrook) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 398/14
Date: 2021-10-01
Institutions: Directorate-General for Competition, European Commission
Subjects: carriage of passengers, consultancy, economic concentration, investment company, merger control, railway industry, vehicle on rails








C_2021398EN.01002101.xml










1.10.2021   


EN


Official Journal of the European Union


C 398/21






Prior notification of a concentration
(Case M.10443 — Allianz Capital/Aimco/Dalmore/Generation/Porterbrook)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 398/14)

1.   
On 22 September 2021, 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:






—


Allianz Infrastructure Luxembourg I Sarl (‘Allianz Infrastructure’, Luxembourg), ultimately advised by Allianz Capital Partners GmbH (‘Allianz Capital’, Germany),










—


Alberta Investment Management Corporation (‘AIMCo’, Canada),










—


Ulfstead Bidco Limited, controlled by funds managed by Dalmore Capital Limited (‘Dalmore’, UK) and Generation Capital Ltd (‘Generation’, Israel),










—


Porterbrook Holdings I Limited (‘Porterbrook’, UK).




Allianz Capital, AIMCo, Dalmore and Generation acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Porterbrook. The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


For Allianz Capital: Allianz Infrastructure is a wholly-owned subsidiary of Allianz SE, advised by Allianz Capital. Allianz Capital is the Allianz group’s in-house investment manager for alternative investments investing mainly the capital of Allianz insurance companies, focussing its investments on direct investments, renewable energy and indirect investments in private equity,










—


For AIMCo: Canada’s largest and most diversified institutional innvestment fund managers, investing globally on behalf of its clients, various pension, endowment and government funds in the Province of Alberta, Canada,










—


For Dalmore: independent fund management company focusing on investments in lower risk opportunities for institutional investors in the UK infrastructure sector,










—


For Generation: investments in the infrastructure and energy sectors,










—


For Porterbrook: supply of all types of railway rolling stock and associated equipment to British passenger train operating companies and freight companies.






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.10443 — Allianz Capital/Aimco/Dalmore/Generation/Porterbrook
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.