Prior notification of a concentration (Case M.11099 – CINVEN / MBCC DIVESTMENT BUSINESS) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 116/13
Date: 2023-03-31
Institutions: Directorate-General for Competition, European Commission
Subjects: building materials, consultancy, economic concentration, investment, investment company, merger control, provision of services








C_2023116EN.01003201.xml










31.3.2023   


EN


Official Journal of the European Union


C 116/32






Prior notification of a concentration
(Case M.11099 – CINVEN / MBCC DIVESTMENT BUSINESS)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 116/13)

1.   
On 24 March 2023, 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:






—


Cinven, Cinven Capital Management (VII) General Partner Limited (Guernsey), controlled by Cinven Partnership LLP (‘Cinven’, United Kingdom),










—


certain businesses located in Australia, Canada, the countries of the EEA, New Zealand, Switzerland, the UK and the US (‘MBCC Divestment Business’) and currently controlled by LSF11 Skyscraper Midco 2 S.à.r.l. (Luxembourg).




Cinven will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the MBCC Divestment Business.
The concentration is accomplished by way of purchase of shares in the entities holding the MBCC Divestment Business.


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






—


Cinven, a private equity firm engaged in the provision of investment management and investment advisory services to a number of investment funds. The companies in the Cinven funds’ portfolio of investments are active in a wide range of subsectors, mainly business services, consumer, financial services, healthcare, industrial and technology, media and telecommunications,










—


The MBCC Divestment Business comprises the admixture systems business of the MBCC Group in Australia, Canada, the countries of the EEA, New Zealand, Switzerland, the UK and the US, and the construction systems business of the MBCC Group located in Australia and New Zealand.






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.11099 – CINVEN / MBCC DIVESTMENT BUSINESS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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.