CELEX: 32021M10264
Language: en
Date: 2021-07-14 00:00:00
Title: Commission Decision of 14/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10264 - SOFTBANK / ALTOR FUND MANAGER / SERENITY / IYUNO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 14.7.2021
                                                                C(2021) 5399 final
                                                                                 PUBLIC VERSION
                                                                SOFTBANK Investments Advisers
                                                                (UK) Limited
                                                                69 Grosvenor St.
                                                                W1K 3JP - London
                                                                United Kingdom
                                                                Altor Fund Manager AB
                                                                Jakobsgatan 6
                                                                111 52 –Stockholm
                                                                Sweden
                                                                Serenity Holdings Pte. Ltd
                                                                8 Tomlinson Road # 11-01 HANA
                                                                Singapore 247857
                                                                Singapore
Subject:        Case M.10264 - SOFTBANK / ALTOR FUND MANAGER / SERENITY /
                IYUNO
                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 11 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of
        the Merger Regulation by which SoftBank Group (“SoftBank”, Japan), Altor Fund
        Manager AB (“Altor Fund Manager”, Sweden) and Serenity Holdings Pte. Ltd
        (“Serenity”, Singapore) acquire within the meaning of Article 3(1)(b) and Article 3(4)
        of the Merger Regulation joint control over the whole of Iyuno Sweden Holding I AB
        (“Iyuno”, Sweden).3
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 241, 21.06.2021, p.18.
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--- 2. The business activities of the undertakings concerned are:
      for SoftBank: SoftBank is the parent company of a global portfolio of subsidiaries
       and affiliates involved in advanced telecommunications, internet services, Internet
       of Things, robotics and clean energy technology providers,
      for Altor Fund Manager: Altor Fund Manager is the fund manager of a group of
       private equity funds, including Altor Fund IV which is the Altor fund having
       made the investment in Iyuno. Altor Fund IV is a private equity fund which
       focuses on investments in the mid-market segment of the Nordic region,
      for Serenity: an investment holding company wholly owned by a physical person,
       established for the purpose of owning and managing shares in Iyuno,
      for Iyuno: a global entertainment technology and media localization company.
       Iyuno provides dubbing, subtitling and media engineering services in over 100
       languages to the media and entertainment industry. The company operates a
       network of recording studios worldwide, consisting of 67 fully owned local
       facilities, spanning across 34 countries in Europe, Asia and the Americas.
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)
                                                    Olivier GUERSENT
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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