CELEX: 32019M9469
Language: en
Date: 2019-08-27 00:00:00
Title: Commission Decision of 27/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9469 - I Squared Capital Advisors (US) LLC / Domidep) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                DG Competition
                                                          Case M.9469 - ISQ / DOMIDEP
                                                           Only the English text is available and authentic.
                                                     REGULATION (EC) No 139/2004
                                                                 MERGER PROCEDURE
                                                      Article 6(1)(b) NON-OPPOSITION
                                                                                   Date: 27/09/2019
      In electronic form on the EUR-Lex website under document
                                                                         number 32019M9469
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---                             EUROPEAN COMMISSION
                                                             Brussels, 27.08.2019
                                                             C(2019) 6332 final
                                                                               PUBLIC VERSION
                                                             To the notifying party
Subject:     Case M.9469 - ISQ / DOMIDEP
             Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                             1                                                                             2
             No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.   On 1 August 2019, the European Commission received notification of a proposed
     concentration pursuant to Article 4 of the Merger Regulation by which I Squared Capital
     Advisors (US) LLC (“ISQ”, USA) acquires within the meaning of Article 3(1)(b) of the
     Merger Regulation sole control of the whole of Domidep SAS and its subsidiaries
     (“Domidep”, France) by way of purchase of shares.3
2.   The business activities of the undertakings concerned are:
           for ISQ: an independent global infrastructure investment manager that focuses on
              the energy, utilities, telecoms and transport sectors in global high-growth
              economies, including North America and Europe;
           for Domidep: operates retirement homes in France and Belgium. It provides elderly
              dependent people with all-inclusive accommodation services and personalised
              support.
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.
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 266, 08.8.2019, p. 3.
4    OJ C 366, 14.12.2013, p. 5.
 ---pagebreak---   For the Commission
  (Signed)
  Johannes LAITENBERGER
  Director-General
2