Prior notification of a concentration (Case M.10705 – BLACKSTONE / CARLYLE / GOLDMAN SACHS / PRIMA) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 202/15
Date: 2022-05-19
Institutions: Directorate-General for Competition, European Commission
Subjects: Italy, banking, economic concentration, insurance, investment, investment company, merger control, provision of services, securities








C_2022202EN.01001901.xml










19.5.2022   


EN


Official Journal of the European Union


C 202/19






Prior notification of a concentration
(Case M.10705 – BLACKSTONE / CARLYLE / GOLDMAN SACHS / PRIMA)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 202/15)

1.   
On 12 May 2022, 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:






—


Blackstone Inc. (‘Blackstone’, United States),










—


Carlyle Group, Inc. (‘Carlyle’, United States),










—


Goldman Sachs Group, Inc. (‘Goldman Sachs’, United States),










—


Prima Assicurazioni S.p.A. (‘Prima’, Italy), jointly controlled by Blackstone and a private individual.




Blackstone, Carlyle and Goldman Sachs will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Prima.
The concentration is accomplished by way of purchase of shares and of contract.


2.   
The business activities of the undertakings concerned are the following:






—


Blackstone is a global asset management firm that manages funds,










—


Carlyle is a global asset management firm that manages funds in three main investment disciplines: (i) global private equity, (ii) global credit and (iii) investment solutions,










—


Goldman Sachs is a global investment banking, securities and investment management firm providing services to corporations, financial institutions, governments and individuals,










—


Prima is an intermediary distributing non-life car, motorcycle, vans (including road assistance) and home and family private liability insurances in Italy.






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 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.10705 – BLACKSTONE / CARLYLE / GOLDMAN SACHS / PRIMA
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.