CELEX: 32014M7397
Language: en
Date: 2014-10-21 00:00:00
Title: Commission Decision of 21/10/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7397 - CD&R / CHC GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 21.10.2014
                                        C(2014) 7903 final

                                        [pic]

                                        [pic]

|                                                                       |
|To the notifying party:                                                |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7397 – CD&R / CHC GROUP
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 26 September 2014, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Clayton, Dubilier & Rice Fund IX, L.P. a fund managed by an affiliate of Clayton, Dubilier & Rice ("CD&R",  USA),  would
    acquire within the meaning of Article 3(1)(b) of the  Merger Regulation control of CHC  Group  Ltd.,  ("CHC",  Cayman  Islands)  by  way  of
    purchase of shares.[2]

 2. The undertakings concerned are:

  – CD&R is a private equity investment group that acts as leading equity  investor  in  management  buyouts  and  other  strategic  investments
    through a number of different funds. The funds affiliated to CD&R control a number of portfolio companies, active in a variety  of  economic
    sectors;

  – CHC is a commercial operator of helicopters, with 70 bases in six continents. CHC's key focus is the provision of services to  the  offshore
    oil and gas industry. CHC also provides search and rescue and emergency medical services to government agencies,  as  well  as  maintenance,
    repair and overhaul services to both its own helicopters and third-party customers.

 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.[3]

 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.

                                        For the Commission

                                        (signed)
                                        Alexander ITALIANER
                                        Director-General
-----------------------
[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]   Publication in the Official Journal of the European Union No C 347, 03.10.2014, p. 17.

[3]   OJ C 366, 14.12.2013, p. 5.

-----------------------

                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE