Prior notification of a concentration (Case M.12309 – EURAZEO / EIFFEL / SEGULA) – Candidate case for simplified procedure
Date: 2026-03-05
Institutions: Directorate-General for Competition, European Commission
Subjects: consultancy, economic concentration, innovation, investment company, merger control, provision of services, technology








C_202601377EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/1377


5.3.2026






Prior notification of a concentration
(Case M.12309 – EURAZEO / EIFFEL / SEGULA)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/1377)


1.   
On 24 February 2026, 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:






—


Eiffel Investment Group SAS (‘Eiffel’, France), controlled by Impala SAS (‘Impala’, France),










—


Eurazeo SE (‘Eurazeo’, France),










—


Segula Holding SAS (‘Segula’, France) and its subsidiaries.




Eiffel and Eurazeo will acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, joint control of the whole of Segula.
The concentration is accomplished by way of purchase of shares.


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






—


Eiffel is a global asset management company. Impala is a diversified investment company active worldwide in asset management and corporate financing, and also in the energy and financial sectors,










—


Eurazeo is an investment group active worldwide in private equity, private debt and real assets, accompanying companies of all sizes in their development,










—


Segula is a globally active engineering and technology consulting group which supplies technical services and innovation solutions primarily for the automotive, aeronautics, energy, rail and naval sectors.






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 no later than ten days following the date on which this notification is published. The following reference should always be specified:
M.12309 – EURAZEO / EIFFEL / SEGULA
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/2026/1377/oj
ISSN 1977-091X (electronic edition)