Prior notification of a concentration (Case M.11948 – MOVENDO CAPITAL / DRAYCOTT / SSCP AROME BIDCO) – Candidate case for simplified procedure
Date: 2025-04-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, glass, insulator, investment company, luxury products industry, merger control, packaging product, subsidiary








C_202502425EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/2425


22.4.2025






Prior notification of a concentration
(Case M.11948 – MOVENDO CAPITAL / DRAYCOTT / SSCP AROME BIDCO)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/2425)


1.   
On 8 April 2025, 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:






—


Movendo Capital, B.V. (‘Movendo’, The Netherlands), controlled by the SFMS Group (The Netherlands),










—


Draycott FCR (‘Draycott’, Portugal), controlled by Draycott – SCR, S.A (Portugal),










—


SSCP Arôme BidCo (‘Arôme’, France), ultimately controlled by the Stirling Square Capital Partners (Advisers) LLP (United Kingdom).




Movendo and Draycott will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control over Arôme (the ‘JV’).
The concentration is accomplished by way of purchase of securities.


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






—


Movendo is a global investment company managing part of the SFMS Group’s direct investments primarily in the innovative food and branded consumer goods value chain as well as personal care and lifestyle goods,










—


Draycott is a Portuguese investment and management company active mainly in buyouts, real estate and venture capital.






3.   

The business activities of Arôme, through its subsidiary the Verescence Group, concern the field of luxury beauty glass packaging and glass insulators.



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 concentration 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.11948 – MOVENDO CAPITAL / DRAYCOTT / SSCP AROME BIDCO
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/2025/2425/oj
ISSN 1977-091X (electronic edition)