CELEX: 32021M10388
Language: en
Date: 2021-08-05 00:00:00
Title: Commission Decision of 05/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10388 - GAMUT / BCI / PS PARENT ) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 05.08.2021
                                                                 C(2021) 5956 final
                                                                                 PUBLIC VERSION
                                                                 Gamut Capital Management L.P.
                                                                 250 West 55th Street, 36th Floor
                                                                 NY 10019 – New York
                                                                 United States of America
                                                                 British Columbia Investment
                                                                 Management Corporation
                                                                 750 Pandora Avenue
                                                                 V8W 0E4 – Victoria, BC
                                                                 Canada
Subject:        Case M.10388 – GAMUT / BCI / PS PARENT
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 12 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Gamut Capital
        Management L.P. (United States) and British Columbia Investment Management
        Corporation (Canada) acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation joint control of the whole of PS Parent, LLC (United States).3 The
        concentration is accomplished by way of purchase of shares.
2.      The business activities of the undertakings concerned are:
             for Gamut Capital Management L.P.: private equity firm offering investment
              advisory services,
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 290, 20.7.2021, p. 18-19.
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 British Columbia Investment Management Corporation: an agent of the
        Government of British Columbia investing on behalf of public sector clients
        across a range of asset classes,
       for PS Parent, LLC: transportation of freight on flatbed trailers, multi-modal
        freight brokerage, logistics services and warehousing services, outside of the
        European Economic Area.
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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