CELEX: 32018M9081
Language: en
Date: 2018-10-01 00:00:00
Title: Commission Decision of 01/10/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9081 - Cinven Capital Management (VI) General Partner Limited / Generali Lebensversicherung Aktiengesellschaft) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 1.10.2018
                                                                C(2018) 6523 final
                                                                        PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.9081 CINVEN / GENERALI LEBENSVERSICHERUNG
                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 07/09/2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Cinven ("Cinven"
        United Kingdom), through Viridium Holding AG ("Viridium", Germany), acquires within
        the meaning of Article 3(1)(b) of the Merger Regulation sole control of Generali
        Lebensversicherung Aktiengesellschaft ("Generali Lebensversicherung", Germany) by way
        of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     Cinven is a private equity business engaged in the provision of investment
              management and investment advisory services to a number of investment funds.
        −     Viridium, controlled by Cinven, is a provider of life insurance products, almost
              exclusively in Germany.
        −     Generali Lebensversicherung is an insurance company licensed for and primarily
              active in the provision of life insurance products in Germany.
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
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 327, 17.09.2018, 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---    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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