CELEX: 32020M9704
Language: en
Date: 2020-02-13 00:00:00
Title: Commission Decision of 13/02/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9704 - GILDE / PROMAN / AGILITAS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 13.2.2020
                                                                C(2020) 898 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9704 – GILDE / PROMAN / AGILITAS
                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 20 January 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which
        Gilde V Management B.V. (‘Gilde’, The Netherlands), ultimately controlled by Gilde
        Management Holding B.V.) and Proman Expansion (‘Proman’, France) acquire within
        the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control
        over the Agilitas group (‘Agilitas Group’, Belgium), through its holding company
        Flemish Holdco I N.V., by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
               for Gilde: a private equity fund that invests in medium-sized companies active
                  in various sectors in Europe and in particular in the Benelux, Germany,
                  Switzerland and Austria,
               for Proman: active in the staffing sector, in the field of interim, indefinite and
                  fixed duration contracts. Proman operates in Belgium, Canada, France
                  (including in the overseas departments La Reunion and Mayotte),
                  Luxembourg, Monaco, Portugal, Spain, Switzerland, the United Kingdom,
                  and the United States,
               for the Agilitas Group: provision of HR solutions with a focus on temporary
                  staffing in Belgium and the Netherlands.
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 26, 27.01.2020, 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--- 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(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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