CELEX: 32015M7769
Language: en
Date: 2015-10-08 00:00:00
Title: Commission Decision of 08/10/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7769 - GILDE FUND IV / PARCOM FUND IV / KONINKLIJKE TEN CATE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 8.10.2015
                                        C(2015) 6987 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |                                                                       |To the notifying parties                                               |

Dear Sirs,

Subject:    Case M.7769 - GILDE FUND IV/ PARCOM FUND IV/ KONINKLIJKE TEN CATE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 14 September 2015, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertakings Gilde Buy-Out Fund IV C.V. and Gilde Buy Out-Fund IV Coöperatief U.A. (Netherlands, jointly "Gilde Fund
    IV"), managed by Gilde Fund IV Management B.V., and Parcom Buy-Out Fund IV B.V. (Netherlands, "Parcom Fund IV"), managed by  Parcom  Capital
    Management B.V., acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the undertaking Koninklike
    Ten Cate N.V. (Netherlands) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

      – for Gilde Fund IV: independent investment in mid-market companies with a portfolio spanning a number of industries  and  covering  mainly
        the Benelux, Germany, Switzerland and Austria;

      – for Parcom Fund IV: private equity investment mainly in medium-sized companies in the Benelux;

      – for Koninklijke Ten Cate N.V.: supplier  of  semi-manufactures  and  components  in  the  field  of  advanced  textiles  and  composites,
        geosynthethics and grass.

 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

-----------------------
[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 314, 23.9.2015, p. 12.

[4]   OJ C 366, 14.12.2013, p. 5.