CELEX: 32014M7237
Language: en
Date: 2014-05-16 00:00:00
Title: Commission Decision of 16/05/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7237 - TPG CAPITAL / THE WARRANTY GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 16.5.2014
                                        C(2014) 3400 final

                                        |To the notifying party:                                            |                                                                   |

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

Subject:    Case M.7237 – TPG Capital/The Warranty Group
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 16.04.2014 the European Commission received notification of a proposed concentration pursuant to Article 4 of  the  Merger  Regulation  by
    which the undertaking TPG Advisors VI-AIV, Inc. (Cayman Islands), affiliated with  TPG Capital (USA), acquires within the meaning of  Article
    3(1)(b) of the Merger Regulation sole control of the whole of The Warranty Group Inc.  (USA) by way of purchase of shares.

 2. The business activities of the undertakings concerned are:

      -     TPG Capital is a global private investment firm which manages funds that invest in  businesses  through  acquisitions  and  corporate
           restructuring,

      -     The Warranty Group Inc. underwrites and administers extended warranty products and  programs  that  protect  motor  and  power  sport
           vehicles, consumer electronics, and appliances[2].
 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[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
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[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 131, 30.04.2014 p. 9.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE