Prior notification of a concentration (Case M.11636 – CVC / WALDAKT / RESURS) – Candidate case for simplified procedure
Date: 2024-07-25
Institutions: Directorate-General for Competition, European Commission
Subjects: bank deposit, consultancy, consumer credit, economic concentration, financial services, insurance, investment company, merger control








C_202404752EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/4752


25.7.2024






Prior notification of a concentration
(Case M.11636 – CVC / WALDAKT / RESURS)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/4752)


1.   
On 18 July 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:






—


CVC Capital Partners plc (‘CVC’, Jersey),










—


Waldakt AB (‘Waldakt’, Sweden), wholly owned by SIBA Invest AB (‘SIBA’, Sweden),










—


Resurs Holding AB (together with its subsidiaries, ‘Resurs’, Sweden), currently controlled by Waldakt.




CVC and Waldakt will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Resurs.
The concentration is accomplished by way of public bid announced on 17 June 2024.


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






—


CVC: a public limited company whose shares are listed and admitted to trading on the Euronext Amsterdam Stock Exchange. CVC plc provides investment advice to and/or manages investments on behalf of certain funds and investment vehicles. These funds hold interests in a number of companies active in a variety of industries around the world, including in financial services, chemicals, utilities, manufacturing, retailing and distribution, in Europe, the US and the Asia-Pacific region,










—


Waldakt: Waldakt is a wholly-owned subsidiary of SIBA, which is a Swedish based investment company owned by the Swedish Bengtsson family, and










—


Resurs: Resurs is listed on Nasdaq Stockholm and it is primarily active in retail finance in the Nordic region, offering payment solutions, consumer loans, deposit accounts, and other insurance products.






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.11636 – CVC / WALDAKT / RESURS
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/2024/4752/oj
ISSN 1977-091X (electronic edition)