CELEX: 32021M10516
Language: en
Date: 2021-11-08 00:00:00
Title: Commission Decision of 08/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10516 - BAIN CAPITAL / ITP AERO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 8.11.2021
                                                                C(2021) 8150 final
                                                                                 PUBLIC VERSION
                                                                Bain Capital Investors L.L.C.
                                                                c/o Bain Capital Europe, L.L.P.
                                                                Devonshire House, 5th Floor
                                                                Mayfair Place
                                                                London W1J 8AJ
                                                                United Kingdom
Subject:        Case M.10516 – BAIN CAPITAL / ITP AERO
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 13 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Bain Capital Investors L.L.C. (‘Bain Capital’, United States) acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of
        undertaking Industria de Turbo Propulsores, S.A.U. (‘ITP’, Spain) by way of purchase
        of shares.3
2.      The business activities of the undertakings concerned are:
              for Bain Capital: private equity investment firm,
              for ITP: manufacturing of aircraft engine components and provision of
                 maintenance, repair and overhaul services.
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
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 426, 21.10.2021, p. 14.
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---    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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                             2