CELEX: 32014M7226
Language: en
Date: 2014-07-02 00:00:00
Title: Commission Decision of 02/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7226 - CARLYLE / TRAXYS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 2.7.2014
                                        C(2014) 4629 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |                                                                   |To the notifying party                                                    |

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

Subject:    Case M.7226 - CARLYLE/ TRAXYS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 26 May 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which funds managed by affiliates of the Carlyle Group L.P  ('Carlyle',  United  States)  acquires  indirectly  through  a  special  purpose
    acquisition vehicle  within the meaning of Article 3(1)(b) of the EU Merger  Regulation  sole  control  over  T-I  Holdings  S.à.R.L.  ('T-I
    Holdings', Luxembourg), which wholly owns Traxys S.à.R.L. ('Traxys', United States),  by way of purchase of shares.[2]

 2. The business activities of the undertakings concerned are:

     - for Carlyle: the global alternative asset management. Carlyle manages funds that invest globally across different  investment  disciplines
       (corporate private equity, real assets, global market strategies and solutions),

     - for Traxys: the commodities trade focused primarily on the sourcing and sale of metals,  materials  for  steel  mills  and  foundries  and
       industrial minerals ('raw materials') and on the provision of ancillary services.

 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

-----------------------
[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 167, 4.6.2014, p. 16.

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