CELEX: 32015M7544
Language: en
Date: 2015-03-19 00:00:00
Title: Commission Decision of 19/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7544 - CENTERBRIDGE / SENVION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 19.3.2015
                                        C(2015) 2013 final

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                                        To the notifying party

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

|Subject: Case M.7544 - CENTERBRIDGE / SENVION                                                                                           |
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         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

   1. On 25 February 2015, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
      Regulation by which the undertaking Centerbridge Partners, L.P. (of the USA) acquires within the meaning of Article 3(1)(b) of the   Merger
      Regulation control of the whole of the undertaking Senvion SE (of Germany) by way of purchase of shares. [3]

   2. The business activities of the undertakings concerned are:

      -     for Centerbridge Partners, L.P.: investment management firm with offices in New  York  and  London  focused  on  private  equity  and
           distressed investment opportunities. Investments are made across  a  variety  of  sectors,  including  building  materials,  business
           services, energy, financial services, healthcare, industrials, media, telecom and technology, real estate, gaming and lodging, retail
           and consumer, structured products and transportation and logistics.

      -     for Senvion SE: German-based manufacturer and provider of wind turbine generators. Senvion develops, produces  and  distributes  wind
           turbine generators suitable for various locations, including on- and offshore projects. In addition, Senvion provides  its  customers
           with service and maintenance, transport, installation and foundation layout.

   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)
                                        Alexander ITALIANER
                                        Director-General

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[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 077, 05.03.2015, p. 11.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE