Prior notification of a concentration (Case M.11353 – TOWERBROOK / TEAM EIFFEL) – Candidate case for simplified procedure
Date: 2023-11-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, investment, investment company, management, merger control, private sector, provision of services, public sector








C_202301095EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/1095


22.11.2023






Prior notification of a concentration
(Case M.11353 – TOWERBROOK / TEAM EIFFEL)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2023/1095)


1.   
On 14 November 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:






—


TowerBrook Capital Partners L.P. (‘TowerBrook’, US),










—


Team EIFFEL B.V. (‘Team EIFFEL’, the Netherlands), controlled by Gilde Equity Management (GEM) Benelux Fund IV Coöperatief B.A.




TowerBrook will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Team EIFFEL.
The concentration is accomplished by way of purchase of shares.


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






—


TowerBrook provides investment opportunities to clients in large and middle market European and North American companies. Although TowerBrook considers itself a generalist in terms of industry focus, it is particularly active in the following sectors: healthcare products and services, retail, luxury, financial services, consumer goods, telecommunications, media, chemicals, knowledge services, and selected industrial segments,










—


Team EIFFEL is a provider of contingent workforce solutions, active solely in the Netherlands. Team EIFFEL specializes in interim management solutions, integral and strategic solutions, and project management. They provide services to customers in both the public and private sector and are primarily geared towards the legal sector, finance, control, IT, data, project management, supply chain, area development and energy transition.






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.11353 – TOWERBROOK / TEAM EIFFEL
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.


ELI: http://data.europa.eu/eli/C/2023/1095/oj
ISSN 1977-091X (electronic edition)