19.12.2022
EN
Official Journal of the European Union
C 481/5
V (Announcements)
PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY
EUROPEAN COMMISSION Prior notification of a concentration (Case M.10987 – BAIN CAPITAL / CAVERION) Candidate case for simplified procedure (Text with EEA relevance)
(2022/C 481/03)
1.
On 9 December 2022, 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: — Bain Capital Investors, LLC (‘Bain Capital’, USA), — Caverion Corporation (‘Caverion’, Finland).
Bain Capital will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Caverion.
The concentration is accomplished by way of public bid.
2.
The business activities of the undertakings concerned are the following:
— Bain Capital is a private equity investment firm that invests, through its family of funds, in companies across a number of industries, including information technology, healthcare, retail and consumer products, communications, financial services and industrial/manufacturing, — Caverion is a public limited liability company incorporated under the laws of Finland.
Caverion operates in building technology and industrial processes installation and maintenance, notably in heating, electricity, energy, ventilation, cooling, building automation and building security technical disciplines.
In addition, Caverion provides maintenance services for industrial manufacturing processes such as hydropower, pulp & paper manufacturing and chemical processes. 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 procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.