CELEX: 32018M8749
Language: en
Date: 2018-01-25 00:00:00
Title: Commission Decision of 25/01/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8749 - VERDANE / VITRUVIAN / EASYPARK) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 25.1.2018
            
            
               C(2018) 558 final
            
            
               
                  PUBLIC VERSION
               
               
            
            
            
            
            
               To the notifying parties:
            
            
               Subject:Case M.8749 - VERDANE / VITRUVIAN / EASYPARK 
            
            
               
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                    Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 and Article 57 of the Agreement on the European Economic Area 
            
            
               Dear Sir or Madam,
            
            
               1.On 21.12.2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Verdane Capital Advisors Holding AS and Vitruvian Partners LLP acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of EasyPark Holding AS by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
               -for Verdane Capital Advisors Holding AS: a private equity firm with interests in various industries,
            
            
               -for Vitruvian Partners LLP: a private equity firm with interests in various industries
            
            
               -for EasyPark Holding AS: company operating a digital parking marketplace providing mobile parking solutions and connected services to businesses, consumers, parking operators and cities.
            
            
            
               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.
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               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)
            
            
               Johannes LAITENBERGER
                  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 6, 09.01.2018, p. 7.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.