CELEX: 32021M10487
Language: en
Date: 2021-10-27 00:00:00
Title: Commission Decision of 27/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10487 - CDPQ / INVESTCORP / ICR) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 27.10.2021
                                                                C(2021) 7859 final
                                                                                 PUBLIC VERSION
                                                                Caisse de dépôt et placement du
                                                                Québec
                                                                1000 place Jean-Paul-Riopelle
                                                                H2Z 2B3 – Montréal
                                                                Canada
                                                                Wellfleet Holdco, Inc.
                                                                280 Park Ave., 36th Floor
                                                                NY 10017 – New York
                                                                United States of America
Subject:        Case M.10487 – CDPQ / INVESTCORP / ICR
                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 1 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Caisse de
        dépôt et placement de Québec (“CDPQ”, Canada) and Investcorp Holdings B.S.C.
        (“Investcorp”, Kingdom of Bahrain) acquire within the meaning of Article 3(1)(b) and
        3(4) of the Merger Regulation joint control of ICR OPCO, LLC (“ICR”, USA) by way
        of purchase of securities.3
2.      The business activities of the undertakings concerned are:
        −     for CDPQ: long-term institutional investor managing funds primarily for public
              and parapublic pension and insurance plans,
        −     for Investcorp: international financial institution acting as a principal and as an
              intermediary in international investment transactions,
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 414, 13.10.2021, p. 6-7.
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 ICR: strategic communication and advise, specialized in investor relations,
        public relations, crisis and special situations communications, digital branding,
        and capital advisory solutions.
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(a) and 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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