CELEX: 32020M9891
Language: en
Date: 2020-09-01 00:00:00
Title: Commission Decision of 01/09/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9891 - HAYFIN CAPITAL MANAGEMENT / FRANS BONHOMME GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 1.9.2020
                                                                C(2020) 6114 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9891 – HAYFIN CAPITAL MANAGEMENT / FRANS
                BONHOMME GROUP
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 3 August 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Hayfin Capital
        Management LLP (“Hayfin”, United Kingdom), controlled by British Columbia
        Investment Management Corporation (“BCI”, Canada) acquires within the meaning of
        Article 3(1)(b) of the Merger Regulation control of the whole of Frans Bonhomme
        Group (“Frans Bonhomme”, France). The concentration is accomplished by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for undertaking Hayfin: provision of lending solutions to corporates and asset
              management services to institutional clients,
             for undertaking Frans Bonhomme: distribution of system solutions (materials for
              the construction of water, sanitation, rainwater systems, etc.) and pipes for public
              works and construction professionals.
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
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 263, 11.08.2020, p. 4.
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---    paragraphs 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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