CELEX: 32019M9235
Language: en
Date: 2019-02-04 00:00:00
Title: Commission Decision of 04/02/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9235 - Ontario Teachers’ Pension Plan Board / Madison Dearborn Partners, LLC / Fleet Complete) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.2.2019
                                                                C(2019) 925 final
                                                                      PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9235 – OTPP / MDP / FLEET COMPLETE
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 11 January 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Ontario Teachers’
        Pension Plan Board (“OTPP”, Canada) and Madison Dearborn Partners, LLC (“MDP”,
        United States of America) acquire, within the meaning of Articles 3(1)(b) and 3(4) of the
        Merger Regulation joint control of the whole of Complete Innovations Holdings, Inc
        (“Fleet Complete”, Canada) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
                 for OTPP: 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;
                 for MDP: private investment focusing on management buyouts, growth financing,
                 financing for recapitalizations and acquisitions;
                 for Fleet Complete: providing mobile-tracking technologies which are focused on
                 connecting fleet vehicles, mobile assets and mobile workforce-based businesses..
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
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 27, 22.01.2019, p. 17.
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---    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
4  OJ C 366, 14.12.2013, p. 5.
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