CELEX: 32016M8027
Language: en
Date: 2016-05-23 00:00:00
Title: Commission Decision of 23/05/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8027 - INVESTINDUSTRIAL / CATELLI / ARTSANA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 23.5.2016
                                        C(2016) 3190 final

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|To the notifying parties:                                              |                                                                       |
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Dear Sirs,

Subject:    Case M.8027 - INVESTINDUSTRIAL / CATELLI / ARTSANA
         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 April 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation
    by which the investment funds Investindustrial V L.P. and Investindustrial  VI  L.P.  (together  "Investindustrial",  the  United  Kingdom),
    belonging to BI-Invest Holdings S.A., and Catelli S.r.l. ("Catelli", Italy) acquire within the meaning of  Article  3(1)(b)  of  the  Merger
    Regulation joint control of the undertaking Artsana S.p.A. ("Artsana", Italy) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

        – or BI-Invest Holdings S.A.: ownership, management of and investment in  medium-size  companies  that  are  leaders  in  their  fields,
          predominantly in Southern Europe and across three main sectors: consumer, industrial manufacturing and services. The current portfolio
          of companies includes Aston Martin (sports cars), B&B Italia (designer furniture), Flos (architectural lighting), Goldcar (holiday car
          rental), Perfume Holding (fragrances), Polynt (specialty chemicals), PortAventura (leisure resort), Sergio Rossi (luxury shoes),  SNAI
          (games and betting), Stroili Oro (affordable jewellery) and TSC (emergency rescue services);

        – for Catelli: exercise, as a holding company, of sole control over Artsana. Artsana is a supplier  of  baby  care,  health  and  beauty
          products, as well as retail sale of baby care products and toys.

 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)
                                        Johannes LAITENBERGER
                                        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 155, 30.04.2016, p. 10.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE