CELEX: 32021M10389
Language: en
Date: 2021-10-19 00:00:00
Title: Commission Decision of 19/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10389 - PAI PARTNERS / PASUBIO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 19.10.2021
                                                                C(2021) 7590 final
                                                                                 PUBLIC VERSION
                                                                PAI Partners S.à r.l.
                                                                232 rue de Rivoli
                                                                75054 Paris Cedex 01
                                                                France
Subject:        Case M.10389 – PAI PARTNERS / PASUBIO
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      Following a referral pursuant to Article 4(5) of the Merger Regulation, the European
        Commission received on 17 September 2021 notification of a proposed concentration
        pursuant to Article 4 by which PAI Partners S.à r.l. (France) intends to acquire within
        the meaning of Article 3(1)(b) of the Merger Regulation sole control of Conceria
        Pasubio S.p.A. (Italy). The concentration is accomplished by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
        −     for PAI Partners S.à r.l.: managing and/or advising dedicated private equity funds,
              which acquire majority participations in companies active in different industry
              sectors, such as business services, food and consumer goods, general industrials,
              healthcare and retail & distribution,
        −     for Conceria Pasubio S.p.A.: tanning of leather and the production of finished
              leather products for use in various sectors, including automotive interiors,
              furniture and luxury goods.
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 (the ‘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 390, 27.9.2021, p. 12.
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--- 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) 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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