CELEX: 32015M7472
Language: en
Date: 2015-01-16 00:00:00
Title: Commission Decision of 16/01/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7472 - RHONE CAPITAL / GOLDMAN SACHS / NEOVIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 16.1.2015
                                        C(2015) 261 final

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|To the notifying parties:                                              |                                                                       |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M. 7472  RHONE CAPITAL/ GOLDMAN SACHS/ NEOVIA
         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 11 December 2014, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Rhône Capital L.L.C. ("Rhône Capital", United States of America) and The Goldman Sachs  Group,  Inc.  ("Goldman  Sachs",
    United States of America) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control over Neovia Logistics, L.L.C.
    ("Neovia", United States of America) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

  – Neovia is a logistics and supply chain service provider.

  – Rhône Capital is a private equity firm.

  – Goldman Sachs is a global investment banking, securities, and investment management firm that provides a range of banking,  securities,  and
    investment services worldwide. Goldman Sachs’ global activities are generally divided into  four  segments:  (i)  investment  banking,  (ii)
    institutional client services, (iii) investment and lending, and (iv) investment management.

 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 457, 19.12.2014, p.19.

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

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        PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE