CELEX: 32017M8325
Language: en
Date: 2017-01-09 00:00:00
Title: Commission Decision of 09/01/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8325 - KKR / HILDING ANDERS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 9.1.2017
                                        C(2017) 129 final

                                        [pic]

                                        To the notifying party

Dear Sirs,

Subject:    Case M.8325 – KKR / HILDING ANDERS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 8 December 2016, the European Commission received notification of a proposed concentration pursuant to Article 4  of  Council  Regulation
    (EC) No 139/2004 by which the undertaking KKR & Co. L.P. ("KKR", United States) acquires within the meaning of Article 3(1)(b) of the Merger
    Regulation control of the whole of Hilding Anders Holdings 3 AB ("Hilding Anders" Sweden) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

      –    for KKR: asset management on a global basis and offering of financial advisory services.

      –    for Hilding Anders: development, manufacture and marketing of beds, matresses and related products.

 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(d) 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)
                                        Johannes LAITENBERGER
                                        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]   OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
[3]   Publication in the Official Journal of the European Union No C 467, 15.12.2016, p. 29.
[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION