Prior notification of a concentration (Case M.10940 – CPPIB / MONTAGU / UNIVERSAL INVESTMENT / JV) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 454/07
Date: 2022-11-30
Institutions: Directorate-General for Competition, European Commission
Subjects: Canada, Germany, United Kingdom, economic concentration, investment, investment company, merger control, pension scheme, provision of services








C_2022454EN.01011701.xml










30.11.2022   


EN


Official Journal of the European Union


C 454/117






Prior notification of a concentration
(Case M.10940 – CPPIB / MONTAGU / UNIVERSAL INVESTMENT / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 454/07)

1.   
On 22 November 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:






—


Montagu Private Equity LLP (‘Montagu’, United Kingdom),










—


Canada Pension Plan Investment Board (‘CPPIB’, Canada),










—


Universal Investment GmbH (‘Universal Investment’, Germany), ultimately controlled by Alpha LuxCo 2 SARL (Germany).




Montagu and CPPIB will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Universal Investment.
The concentration is accomplished by way of purchase of shares.


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






—


Montagu is a private equity firm, headquartered in the United Kingdom. It focuses on arrangements and investments in buyouts of companies, particularly in Northern Europe,










—


CPPIB is a professional investment management organisation, CPPIB invests the funds transferred to it by the Canada Pension Plan (‘CPP’) that are not needed by the CPP to pay current benefits on behalf of 21 million contributors and beneficiaries,










—


Universal Investment is a service provider to the investment fund industry headquartered in Frankfurt, Germany.






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.10940 – CPPIB / MONTAGU / UNIVERSAL INVESTMENT / JV
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.