CELEX: 32020M9922
Language: en
Date: 2020-09-03 00:00:00
Title: Commission Decision of 03/09/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9922 - GHO / MIC / ENVISION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 3.9.2020
                                                                C(2020) 6180 final
                                                                                PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9922 – GHO / MIC / Envision
                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 August 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which GHO Capital
        Fund II LP (‘GHO’, Cayman Islands) and Mubadala Investment Company PJSC
        (‘Mubadala’, United Arab Emirates) acquire within the meaning of Article 3(1)(b)
        and 3(4) of the Merger Regulation joint control of the whole of Envision Pharma
        Group Limited (‘Envision’, United Kingdom) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     GHO: private equity firm focused on making buyout and growth equity
              investments in Europe in the healthcare industry,
        −     Mubadala: company investing globally and actively managing a diversified
              portfolio across a variety of sectors,
        −     Envision: medical consultancy and software company.
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
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 273, 18.08.2020, p. 4.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
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