Prior notification of a concentration (Case M.11117 – APOLLO / PLATINUM FALCON / UNIVAR) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 175/11
Date: 2023-05-17
Institutions: Directorate-General for Competition, European Commission
Subjects: chemical product, distributor, economic concentration, holding company, investment, investment company, merger control, pension scheme, provision of services, subsidiary








C_2023175EN.01001901.xml










17.5.2023   


EN


Official Journal of the European Union


C 175/19






Prior notification of a concentration
(Case M.11117 – APOLLO / PLATINUM FALCON / UNIVAR)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 175/11)

1.   
On 8 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:






—


Apollo Management, L.P. (the ‘Apollo Funds’, USA),










—


Platinum Falcon B 2018 RSC Limited (‘Platinum Falcon’, The United Arab Emirates)










—


Univar Solutions Inc. (‘Univar’, USA).




The Apollo Funds and Platinum Falcon will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Univar.
The concentration is accomplished by way of purchase of shares.


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






—


The Apollo Funds constitute a wholly-owned subsidiary of Apollo Global Management, Inc. which is an asset manager and a retirement services provider to individuals and institutional investors,










—


Platinum Falcon is an investment holding company that owns and manages investments. It is a wholly owned subsidiary of the Abu Dhabi Investment Authority, a public institution established as an independent investment institution by the Government of the Emirate of Abu Dhabi,










—


Univar is a global distributor of chemicals and ingredients, as well as a provider of value-add services, to customers across a wide range of diverse industries, including life sciences, industrial solutions, general industrial, services and other markets, as well as refining and chemical processing.






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.11117 – APOLLO / PLATINUM FALCON / UNIVAR
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.