CELEX: 32013M7073
Language: en
Date: 2013-12-11 00:00:00
Title: Commission Decision of 11/12/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7073 - KKR / ARLE CAPITAL / HILDING ANDERS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 11.12.2013
                                        C(2013) 9287 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |                                                                   |To the notifying parties                                                  |

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

Subject:    Case No COMP/M.7073 - KKR/ ARLE CAPITAL/ HILDING ANDERS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 15 November 2013, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertakings KKR & Co. L.P. ('KKR', USA) and Arle Capital Partners Limited ('Arle Capital', UK) acquire  within  the
    meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Hilding Anders Midco  AB  ('Hilding  Anders',  Sweden),
    previously solely controlled by Arle Capital, by other means.

 2. The business activities of the undertakings concerned are:

      – for KKR: provision of a broad range of alternative asset management services to public and private market investors and  capital  markets
        solutions for the firm, its portfolio companies and clients,

      – for Arle Capital: a private equity firm that manages a diversified portfolio of investments headquartered in Europe,

      – for Hilding Anders: development, manufacture and marketing of beds, mattresses and related products.[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)i and  5(c)ii  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 342, 22.11.2013, p. 10.

[3]   OJ C 56, 5.3.2005, p. 32.