CELEX: 32014M7411
Language: en
Date: 2014-11-10 00:00:00
Title: Commission Decision of 10/11/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7411 - TDR CAPITAL / LAKESIDE 1 LIMITED) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 10.11.2014
                                        C(2014) 8460 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

|                                                                       |To the notifying party                                                 |

Dear Sirs,

Subject:    Case M.7411 - TDR CAPITAL/ LAKESIDE 1 LIMITED
         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 16 October 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
    by which the undertaking Keystone Bidco Limited (United Kingdom), controlled by TDR Capital LLP, acquires, within  the  meaning  of  Article
    3(1)(b) of the Merger Regulation, control of the whole of the undertaking Lakeside  1  Limited  (United  Kingdom)  by  way  of  purchase  of
    shares.[3]

 2. The business activities of the undertakings concerned are:

      – for TDR Capital LLP: private equity firm investing in companies in  various  sectors  including  vacant  property  services  and  modular
        construction,

      – for Lakeside 1 Limited: provider of integrated housing development and community regeneration services in the United  Kingdom  under  the
        trading names 'Keepmoat ' and 'Keepmoat Homes'.

 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)
                                        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]   OJ L 1, 3.1.1994, p. 3 ("the EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 376, 23.10.2014, p. 11.

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