CELEX: 32021M10064
Language: en
Date: 2021-02-19 00:00:00
Title: Commission Decision of 19/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10064 - ANACAP / CARREFOUR / MARKET PAY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 19.2.2021
                                                                C(2021) 1261 final
                                                                                 PUBLIC VERSION
                                                                AnaCap Financial Partners III, L.P.
                                                                Ground Floor, Cambridge House
                                                                Le Truchot
                                                                GY1 1WD – St Peter Port
                                                                Guernsey
                                                                Carrefour S.A.
                                                                93 avenue de Paris
                                                                91300 - Massy
                                                                France
Subject:        Case M.10064 - ANACAP / CARREFOUR / MARKET PAY
                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 27 January 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which AnaCap
        Financial Partners III, L.P (UK), controlled by AnaCap Group Holdings Limited
        (“AnaCap”, UK) and Carrefour S.A. (“Carrefour”, France) acquire within the meaning
        of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of Market
        Pay SAS (“Market Pay”, France), currently controlled by Carrefour. The
        concentration is accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for AnaCap: a private equity fund based in the UK and established in 2005. Since
              inception AnaCap has sponsored the raising of funds that make investments in
              business opportunities in the European financial services sector. AnaCap
              Financial Partners III, L.P is the third private equity fund raised by AnaCap,
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 038, 03.02.2021, p. 2.
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 Carrefour: a French-headquartered global group specializing in the retail
        business of food products and non-food products (e.g. gas station, travel agency,
        and retail bank),
       for Market Pay: a payment solutions provider based in France and founded in
        2016 by Carrefour.
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
   paragraphs 5(a) and 5(c) 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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