CELEX: 32018M8899
Language: en
Date: 2018-05-24 00:00:00
Title: Commission Decision of 24/05/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8899 - OTPP / CARLYLE / EUROPEAN CAMPING GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 24.05.2018
            
            
               C(2018)3311 final
            
            
               
                  PUBLIC VERSION
               
            
            
            
               To the notifying parties:
            
            
               Subject:Case M.8899 - OTPP / CARLYE / EUROPEAN CAMPING GROUP
                  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
                
            
            
               Dear Sir or Madam,
            
            
               1.On 24 April 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Ontario Teachers' Pension Plan Board ('OTPP', Canada) acquires within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the undertaking European Camping Group SAS ('ECG', France), together with Carlyle Group ('Carlyle', USA), which already had sole control of ECG. The concentration is accomplished by way of purchase of shares.
                  3
               
            
            
               2.The business activities of the undertakings concerned are:
            
            
               -OTPP is a corporation without share capital incorporated under the Teachers’ Pension Act (Ontario), having its principal office and business address in Toronto, Ontario, Canada. OTPP is concerned with the administration of pension benefits and the investment of pension plan assets on behalf of approximately 318,000 active and retired teachers in the Canadian province of Ontario;
            
            
               -Carlyle is a global alternative asset manager, which manages funds that invest globally across four investment disciplines: (i) Corporate Private Equity; (ii) Real Assets; (iii) Global Market Strategies; and (iv) Solutions;
            
            
               -ECG (former Homair Investissement SAS) is a company incorporated in France and active in the outdoor holiday accommodation sector. ECG offers mobile home holidays via five brands (i.e. Homair, Eurocamp, Al Fresco, Roan and Go4Camp). ECG operates approximately 20,000 holiday units, of which over 90% are mobile homes. These are installed across 300 campsites, either owned by ECG or by partners, mainly in France, Italy, Spain and Croatia.
            
            
               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)
               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 153, 02.05.2018, p. 9.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.