CELEX: 32015M7463
Language: en
Date: 2015-01-05 00:00:00
Title: Commission Decision of 05/01/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7463 - CVC / BETAFENCE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 5.1.2015
                                        C(2014) 20 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

|                                                                       |To the notifying party                                                 |

Dear Sirs,

Subject:    Case M.7463 - CVC/ BETAFENCE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 28 November 2014, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertaking CVC Capital Partners SICAV-FIS S.A. ("CVC", Luxembourg) acquires within the meaning of  Article  3(1)(b)
    of the Merger Regulation sole control of the whole of the undertaking Betafence Holding NV ("Betafence", Belgium)  by  way  of  purchase  of
    shares.[2]

 2. The business activities of the undertakings concerned are:

      – for CVC: advice to and management of investment funds,

      – for Betafence: the production of fencing systems (both industrial and consumer), industrial mesh, cable and wire, and gabions.

 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 point 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 436, 5.12.2014, p. 7.

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