CELEX: 32019M9272
Language: en
Date: 2019-04-26 00:00:00
Title: Commission Decision of 26/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9272 - 3i Group pic / TIIC 2 (SCA) SICAR / Meridiam Infrastructure Finance S.a.r.l. / DirectRoute (Limerick) Holdings Limited) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 26.04.2019
                                                                C(2019) 3310 final
                                                                          PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9272 – 3i Group/TIIC Management/Meridiam Infrastructure
                Finance/DirectRoute (Limerick)
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 29 March 2019, the European Commission received notification of a proposed
        concentration pursuant to Article of the Merger Regulation by which 3i Group plc (“3i”,
        United Kingdom), TIIC Management S.à.r.l. (“TIIC Management”, Luxembourg) and
        Meridiam Infrastructure Finance S.à.r.l. (“Meridiam”, Luxembourg) acquire within the
        meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of
        DirectRoute (Limerick) Holdings Limited (“Limerick HoldCo”, Ireland), which in turn has
        sole control over DirectRoute (Limerick) Limited (“LimerickCo”, Ireland), by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
          –        for 3i: international investment company with two complementary businesses,
                   Private Equity and Infrastructure, specialising in core investment markets in
                   northern Europe and North America,
          –        for TIIC Management: a pan-European infrastructure firm investing into mid-
                   market infrastructure projects across Europe in both the transportation and social
                   sectors,
1       OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the
        Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of
        'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used
        throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
3       Publication in the Official Journal of the European Union No C 126, 5.4.2019, p. 7
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---      –       for Meridiam: international investment company which develops, finances and
             manages infrastructure projects,
     –       for Limerick HoldCo: parent company of LimerickCo, which is active in the
             operation and maintenance of the M7 Limerick Southern Ring Road in Ireland for
             35 years pursuant to a concession contract awarded in August 2006.
3. After examination of the notification, the European Commission has concluded that the
   notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of
   the Commission Notice on a simplified procedure for treatment of certain concentrations
   under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European Commission
   has decided not to oppose the notified operation and to declare it compatible with the
   internal market and with the EEA Agreement. This decision is adopted in application of
   Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.
                                                    For the Commission
                                                    (Signed)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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