CELEX: 32019M9533
Language: en
Date: 2019-10-02 00:00:00
Title: Commission Decision of 02/10/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9533 - KKR & Co. Inc. / ARTÀ CAPITAL S.G.E.I.C. S.A. / Grupo Alvic FR Mobiliario, S.L) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 2.10.2019
                                                                C(2019) 7182 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9533 – KKR / ARTA CAPITAL / ALVIC
                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 10 September 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which KKR & Co.
        Inc. (‘KKR’, United States of America) and ARTÀ CAPITAL S.G.E.I.C. S.A. (‘Arta’,
        Spain) acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger
        Regulation joint control over Grupo Alvic FR Mobiliario, S.L (‘Alvic’, Spain) by way
        of purchase of shares.3 The current owners of Alvic will retain a non-controlling
        minority shareholding over Alvic.
2.      The business activities of the undertakings concerned are:
             − for KKR: alternative asset management services to public and private market
                 investors, as well as capital markets solutions for the firm, its portfolio
                 companies and its clients,
             − for Arta: private equity investment,
             − for Alvic: design, manufacture and distribution of panel-based furniture
                 components for kitchen, bathroom, wardrobes and office materials.
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, 18.9.2019, p. 16.
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--- 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)
                                                  Cecilio MADERO VILLAREJO
                                                  Acting Director-General
4  OJ C 366, 14.12.2013, p. 5.
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