CELEX: 32015M7611
Language: en
Date: 2015-05-28 00:00:00
Title: Commission Decision of 28/05/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7611 - IDeA / IP / HUNT / CORIN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 28.5.2015
                                        C(2015) 3737 final

                                        [pic][pic]

|To the notifying parties:                                              |                                                                       |
|                                                                       |                                                                       |

Dear Sirs,

Subject:    Case M.7611 - IDeA/ IP/ HUNT/ CORIN
         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 29 April 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation
    by which IDeA Capital Funds SGR S.p.A. (“IDeA”, Italy), IP Investimenti e Partecipazioni S.r.l. (“IP”,  Italy),  Hunt  Capital  S.A.(“Hunt”,
    Luxembourg) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, joint  control  of  Corin  Group  PLC  (“Corin”,  United
    Kingdom), by way of contract of management in the form of modified shareholders' agreement.[3]

 2. The business activities of the undertakings concerned are:

  – for IDeA: managing of private equity funds of funds and  direct  investments  through  private  equity  direct  funds;  IDeA  is  indirectly
    controlled by De Agostini S.p.A., the ultimate parent company of the De Agostini Group (“De Agostini Group”). De Agostini Group is active in
    four business areas: publishing, media, games and services, finance.

  – for IP: investment activities, including leveraged buy-outs, management buy-outs, industrial spin-offs  and  turnarounds,  including  family
    businesses and the handing over of businesses to the next generation.

  – for Hunt: investment activities, in any form whatsoever, in any commercial, industrial, financial or other enterprises.

  – for Corin: design, manufacturing, distribution and sale of orthopaedic products.

 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 147, 05.05.2015, p. 10.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE