CELEX: 32021M10346
Language: en
Date: 2021-07-26 00:00:00
Title: Commission Decision of 26/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10346 - ICG / CIRCET) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 26.07.2021
                                                                 C(2021) 5728 final
                                                                                 PUBLIC VERSION
                                                                 Intermediate Capital Group plc
                                                                 Procession House, 55 Ludgate Hill
                                                                 EC4M 7JW London
                                                                 United Kingdom
Subject:         Case M.10346 - ICG / CIRCET
                 Commission decision pursuant to Article 6(1)(b) of Council Regulation
                 (EC) No 139/20041 and Article 57 of the Agreement on the European
                                    2
                 Economic Area
Dear Sir or Madam,
1.      On 30 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Intermediate
        Capital Group plc (“ICG”, United Kingdom) acquire within the meaning of Article
        3(1)(b) of the Merger Regulation joint control over the whole of Circet Odyssée SAS
        (“Circet”, France) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             For ICG: investment firm active in the structuring and provision of mezzanine
              finance, leveraged credit and equity investments in various companies across
              Europe, Asia Pacific and the US,
             For Circet: a France-based network infrastructure services provider, active
              exclusively in the telecommunications sector. It offers a full range of services
              from design, engineering and installation to maintenance of telecommunication
              networks.
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
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 272,08.07.2021, p.34.
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---    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.
                                             2