Prior notification of a concentration (Case M.11437 – BAIN CAPITAL / ELEDA GROUP) – Candidate case for simplified procedure
Date: 2024-02-15
Institutions: Directorate-General for Competition, European Commission
Subjects: civil engineering, economic concentration, financial services, health care, information technology, investment company, merger control, retail trade, service, transport infrastructure








C_202401603EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1603


15.2.2024






Prior notification of a concentration
(Case M.11437 – BAIN CAPITAL / ELEDA GROUP)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/1603)


1.   
On 7 February 2024, 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:






—


Bain Capital (United States),










—


Eleda Group TopCo AB and its subsidiaries (‘Eleda Group’, Sweden), controlled by Funds managed and/or advised by Altor Fund Manager AB.




Bain Capital will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Eleda Group.
The concentration is accomplished by way of purchase of shares.


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






—


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.










—


Eleda Group is a provider of infrastructure services. Eleda Group provides civil engineering, contracting and other services in infrastructure within the following sectors: transportation infrastructure, underground infrastructure, power distribution and production and data centres.






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.11437 – BAIN CAPITAL / ELEDA GROUP
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/2024/1603/oj
ISSN 1977-091X (electronic edition)