Prior notification of a concentration (Case M.11356 – PLATINUM / BAIN CAPITAL / US LBM) – Candidate case for simplified procedure
Date: 2023-12-08
Institutions: Directorate-General for Competition, European Commission
Subjects: building materials, distributor, economic concentration, investment company, merger control, provision of services








C_202301456EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/1456


8.12.2023






Prior notification of a concentration
(Case M.11356 – PLATINUM / BAIN CAPITAL / US LBM)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2023/1456)


1.   
On 29 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:






—


Platinum Equity Group (‘Platinum’, USA),










—


Bain Capital Investors, LLC (‘Bain Capital’, USA),










—


BCPE Ulysses Intermediate, Inc. (‘US LBM’, USA).




Funds controlled, managed and / or advised by respectively Platinum and Bain Capital will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of US LBM.
The concentration is accomplished by way of purchase of shares.


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






—


Platinum specialises in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of businesses, including information technology, telecommunications, logistics, metal services, manufacturing and distribution. Platinum has operations worldwide,










—


Bain Capital is a private equity investment firm that invests in companies across a number of industries, including information technology, healthcare, retail and consumer products, communications, financial services and industrial / manufacturing. Bain Capital has operations worldwide.






3.   
The business activities of the undertaking US LBM are the following:
Distribution of specialty building materials. US LBM’s product portfolio includes windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry. US LBM is headquartered in the USA and has no revenues, assets, operations or corporate presence outside North America.


4.   
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.


5.   
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.11356 – PLATINUM / BAIN CAPITAL / US LBM
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/2023/1456/oj
ISSN 1977-091X (electronic edition)