CELEX: 32020M10014
Language: en
Date: 2020-12-14 00:00:00
Title: Commission Decision of 14/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10014 - LGP / CENTERBRIDGE / COMMUNITY PSYCHIATRY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 14.12.2020
                                                                C(2020) 9242 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.10014 – LGP / CENTERBRIDGE / COMMUNITY
                PSYCHIATRY
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 19 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Leonard Green & Partners (“LGP”, United States) and Centerbridge
        Partners, L.P. (“Centerbridge”, United States) acquire within the meaning of Article
        3(1)(b) and 3(4) of the Merger Regulation joint control over Community Psychiatry
        Management, LLC (“Community Psychiatry”, United States), currently controlled by
        Centerbridge, by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for LGP: private equity investment firm focused on investing in companies
              providing services, including consumer, business, and healthcare services, as well
              as retail, distribution, and industrials, at global level,
             for Centerbridge: private investment management firm active in private equity,
              credit, and real estate, at global level,
             for Community Psychiatry: owns and operates a chain of outpatient clinics in
              California (United States), providing psychiatric and therapeutic services for
              patients with mild-to-moderate mental and behavioural disorders.
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 403, 26.11.2020, p. 14-15.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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(a) 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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