CELEX: 32021M10490
Language: en
Date: 2021-10-14 00:00:00
Title: Commission Decision of 14/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10490 - BAIN CAPITAL / CTI / BBG HOLDING) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 14.10.2021
                                                                 C(2021) 7520 final
                                                                                 PUBLIC VERSION
                                                                 Bain Capital Investors, L.L.C.
                                                                 c/o Bain Capital Europe, LLP
                                                                 Devonshire House, 5th Floor
                                                                 Mayfair Place
                                                                 London W1J 8AJ
                                                                 United Kingdom
                                                                 Chal-Tec Invest GmbH
                                                                 Wallstrasse 16
                                                                 10179 Berlin
                                                                 Germany
Subject:        Case M.10490 – BAIN CAPITAL / CTI / BBG HOLDING
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 21 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Bain Capital Investors L.L.C. (‘Bain Capital’, United States) and
        Chal-Tec Invest GmbH (‘CTI’, Germany) acquire within the meaning of Articles
        3(1)(b) and 3(4) of the Merger Regulation joint control of the undertaking Berlin
        Brands Group Holding GmbH (‘BBG’, Germany), controlled by CTI, by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for Bain Capital: private equity investment firm in a variety of industries
                 globally, including information technology, healthcare, retail and consumer
                 products, communications, financial services and industrial/manufacturing,
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 396, 30.9.2021, p. 13.
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---         for CTI: private investment vehicle holding the shares in BBG and other
           undertakings active globally in the retail and real estate sector,
        for BBG: design, development and sale of consumer goods, in particular
           electrical appliances and consumer electronics, in Europe, the United States
           and China.
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
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
4  OJ C 366, 14.12.2013, p. 5.
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