Prior notification of a concentration (Case M.11072 – BLACKROCK / MUBADALA / GOLDMAN SACHS / EQUITIX / CALISEN / MAPLECO) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 169/05
Date: 2023-05-12
Institutions: Directorate-General for Competition, European Commission
Subjects: banking, economic concentration, electrical energy, energy consumption, investment, investment company, measuring equipment, merger control, natural gas, securities, smart technology








C_2023169EN.01002501.xml










12.5.2023   


EN


Official Journal of the European Union


C 169/25






Prior notification of a concentration
(Case M.11072 – BLACKROCK / MUBADALA / GOLDMAN SACHS / EQUITIX / CALISEN / MAPLECO)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 169/05)

1.   
On 4 May 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:






—


BlackRock Alternatives Management, LLC (‘BlackRock’) (USA),










—


Mubadala Investment Company PJSC (‘Mubadala’) (United Arab Emirates),










—


The Goldman Sachs Group, Inc. (‘Goldman Sachs’) (USA),










—


Equitix Holdings Limited (‘Equitix’) (United Kingdom),










—


Calisen (United Kingdom), controlled by BlackRock, Mubadala, and Goldman Sachs,










—


MapleCo (United Kingdom), controlled by Equitix,




BlackRock, Mubadala, Goldman Sachs, and Equitix will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Calisen and MapleCo.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


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






—


BlackRock is a global investment management company which offers portfolio construction, asset management and investment advisory services;










—


Mubadala is an investment management company focused on investment and development across a variety of industries, including energy, chemicals, technology, life sciences, consumer, industrial, financial services, and real estate;










—


Goldman Sachs is a global investment banking, securities and investment management firm that provides a range of banking, securities and investment services worldwide;










—


Equitix is an investor, developer and long-term fund manager of core infrastructure and energy-efficiency assets;










—


Calisen is a meter asset provider that procures and owns a portfolio of electricity and gas meters, with a particular focus on smart meters. Calisen’s activities and customers are wholly in Great Britain;










—


MapleCo is a meter asset provider that funds the purchase and installation of smart gas and electricity meters, in return for fixed rental payments under long-term agreements with energy suppliers. MapleCo’s activities and customers are wholly in Great Britain.






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.11072 – BLACKROCK / MUBADALA / GOLDMAN SACHS / EQUITIX / CALISEN / MAPLECO
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.