Prior notification of a concentration (Case M.11297 – KKR / INFRACAPITAL / ZENOBE ENERGY) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 337/05
Date: 2023-09-25
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electric vehicle, electricity storage device, electricity supply, energy storage, investment company, joint venture, merger control, software








C_2023337EN.01000601.xml










25.9.2023   


EN


Official Journal of the European Union


C 337/6







Prior notification of a concentration
(Case M.11297 – KKR / INFRACAPITAL / ZENOBE ENERGY)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 337/05)


1.   
On 15 September 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:






—


KKR & Co. Inc. (‘KKR & Co.’, United States, and together with its subsidiaries, ‘KKR’),










—


Infracapital Greenfield Partners II SCSp and Infracapital Greenfield Partners II SCSpA (together ‘Infracapital’, United Kingdom), controlled by M&G Alternatives Investment Management Limited (‘MGAIM’, United Kingdom),










—


Zenobe Energy Limited (the ‘Target’, United Kingdom), currently controlled by Infracapital.




KKR & Co. and Infracapital will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the Target.
The concentration is accomplished by way of purchase of shares.


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






—


KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions.










—


Infracapital is a European infrastructure investment firm.










—


The Target provides end-to end solutions for fleet electrification, including charging infrastructure, battery replacement and software solutions. In addition, the Target designs, finances, builds and operates battery energy storage systems and repurposes batteries.






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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (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.11297 – KKR / INFRACAPITAL / ZENOBE ENERGY
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 160, 5.5.2023, p. 1.