Prior notification of a concentration (Case M.11618 – INFRANITY / EURAZEO / ETIX EVERYWHERE HOLDING) – Candidate case for simplified procedure
Date: 2024-07-30
Institutions: Directorate-General for Competition, European Commission
Subjects: Belgium, France, Internet access provider, Thailand, economic concentration, holding company, indemnity insurance, investment company, merger control, on line data service, telecommunications








C_202404792EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/4792


30.7.2024






Prior notification of a concentration
(Case M.11618 – INFRANITY / EURAZEO / ETIX EVERYWHERE HOLDING)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/4792)


1.   
On 23 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:






—


Infranity Equity Fund SCA SICAV-RAIF (‘Infranity’, France), controlled by Assicurazioni Generali (Italy),










—


Eurazeo Transition Infrastructure Fund (‘Eurazeo’, France), controlled by Eurazeo S.E. (France), and










—


Etix Everywhere Holding (‘Etix’, France), controlled by GDCG EE PTY Limited (Australia) and Eurazeo.




Infranity and Eurazeo will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Etix.
The concentration is accomplished by way of purchase of shares.


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






—


Infranity, represented by its portfolio manager Infranity SAS, is an asset management company incorporated in France specialising in infrastructure investments and controlled by Assicurazioni Generali, an Italian insurance company,










—


Eurazeo is a listed investment company headquartered in Paris which manages a portfolio of diversified assets focusing on three main activities: private equity, private debt and real assets,










—


Etix is active in the provision of scalable data centres ensuring high-speed connectivity through hosting major telecom hubs. Etix Everywhere Holding is the holding company, incorporated in France, of the Etix group, which has developped a portfolio of 15 data centres located in France, Belgium and Thailand.






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.11618 – INFRANITY / EURAZEO / ETIX EVERYWHERE HOLDING
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/2024/4792/oj
ISSN 1977-091X (electronic edition)