Prior notification of a concentration (Case M.11679 – APOLLO / CLESSIDRA / HUMAN COMPANY / HU HOLDING JV) – Candidate case for simplified procedure
Date: 2024-11-26
Institutions: Directorate-General for Competition, European Commission
Subjects: Italy, Luxembourg, Tuscany, camping, catering industry, economic concentration, hotel industry, investment company, merger control, travel agency








C_202407113EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/7113


26.11.2024






Prior notification of a concentration
(Case M.11679 – APOLLO / CLESSIDRA / HUMAN COMPANY / HU HOLDING JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/7113)


1.   
On 15 November 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:






—


Apollo Global Management, Inc. (‘Apollo’, USA),










—


Clessidra Private Equity SGR S.p.A. (‘Clessidra’, Italy), controlled by Italmobiliare Investment Holding S.p.A. (‘Italmobiliare’, Italy),










—


Human Company S.r.l. (‘Human Company’, Italy),










—


HU Holding S.r.l. (‘HU Holding’, Italy), controlled by Human Company.




Apollo, Clessidra and Human Company will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of HU Holding.
The concentration is accomplished by way of purchase of shares.


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






—


Apollo is a high-growth global alternative asset manager. It offers investment management and financial planning services to individuals and institutional investors,










—


Clessidra invests in industrial goods and services, financial services, consumer products and retail, business services and healthcare in Italy. It is part of Italmobiliare, an investment company, that owns and manages a diversified portfolio of equity and investments in sectors such as consumer products and retail, healthcare and energy,










—


Human Company is active in the EU outdoor hospitality sector with a particular focus on Italy,






3.   
The business activities of HU Holding are the following:






—


Operation of eleven campsites in Italy, one in Luxembourg and a hostel in Florence. HU Holding also provides food and beverage services at sale points located within its facilities as well as owns a tour operator managing accommodation units in four third party-operated campsites in Italy.






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.11679 – APOLLO / CLESSIDRA / HUMAN COMPANY / HU HOLDING JV
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/2024/7113/oj
ISSN 1977-091X (electronic edition)