CELEX: 32015M7520
Language: en
Date: 2015-05-05 00:00:00
Title: Commission Decision of 05/05/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7520 - BAIN CAPITAL INVESTORS / TI FLUID SYSTEMS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 5.5.2015
                                        C(2015) 3139 final

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                                        To the notifying party

Dear Sirs,

Subject:    Case M.7520 - BAIN CAPITAL INVESTORS/ TI FLUID SYSTEMS
         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 9 April 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by
    which Bain Capital Investors, LLC of the United States of America ("Bain Capital") will acquire within the meaning of Article 3(1)(b) of the
    Merger Regulation control of the whole of TI Fluid Systems Limited of the United Kingdom ("TI") by way of purchase of shares. [3]

 2. The business activities of the undertakings concerned are:

      -     Bain Capital is the ultimate general partner of numerous private equity funds. The funds that are part  of  Bain  Capital  invest  in
           companies in various industries, including consumer retail and dining, financial and business services,  healthcare,  industrial  and
           energy, and technology media and telecommunication.

      -     TI is a globally active manufacturer of automotive fluid storage, carrying and  delivery  systems,  tank  systems,  pump  and  module
           systems and HVAC (heating, ventilation, air conditioning) fluid systems for light vehicles.

 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 122, 16.04.2015, p. 6.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE