CELEX: 32022M10690
Language: en
Date: 2022-04-21 00:00:00
Title: Commission Decision of 21/04/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10690 - NORDIC CAPITAL / ELLOS GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 21.4.2022
                                                                 C(2022) 2615 final
                                                                                PUBLIC VERSION
                                                                 Nordic Capital CV1 Limited
                                                                 26 Esplanade, St Helier
                                                                 JE2 3QA Jersey
                                                                 Channel Islands
Subject:        Case M.10690 – NORDIC CAPITAL / ELLOS GROUP
                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 25 March 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Nordic Capital
        Group (Channel Islands) will acquire within the meaning of Article 3(1)(b) of the
        Merger Regulation sole control of the whole of Ellos Group (Sweden), controlled by
        FNG Finance Belgium BV (Belgium). The concentration is accomplished by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Nordic Capital Group is a group of private equity funds focusing on investments
              primarily in Northern Europe in the following sectors: healthcare, tech &
              payments, financial services, industrial & business services and consumer
              products. Within the latter, Nordic Capital ultimately controls a retailer of sports
              goods, Unisport, active in Denmark, Finland, Norway, Sweden, Germany, the
              Netherlands, Austria and France,
             Ellos Group is an e-commerce group for home furnishings and fashion which
              includes the online stores Ellos, Jotex, Homeroom and Stayhard. It is active in
              Denmark, Finland, Norway, Sweden, Germany, the Netherlands, Austria and
              Poland.
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 OJ C 147, 4.4.2022, p. 4–5.
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(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.
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