CELEX: 32016M7894
Language: en
Date: 2016-02-09 00:00:00
Title: Commission Decision of 09/02/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.7894 - CINVEN / ERGO ITALIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 9.2.2016
                                        C(2016) 865 final

                                        [pic]

|To the notifying party:                                                |
|                                                                       |

Dear Sirs,

Subject:    Case M.7894 - CINVEN / ERGO ITALIA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 11 January 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
    by which the undertaking Cinven Capital Management (V) General Partner Limited, which is part of the Cinven  Group ("Cinven", UK),  acquires
    within the meaning of Article 3(1)(b) of the Merger Regulation sole control over  Ergo  Italia  S.p.A.  (“Ergo  Italia”,  Italy),  with  the
    exception of the subsidiary active in the non-life insurance businesses (which was not part of the notification), by  way  of   purchase  of
    shares.[3]

 2. The business activities of the undertakings concerned are:

  – Cinven is a private equity investment firm, active through its portfolio companies in   business  services,  consumer,  financial  services,
    healthcare, industrials, technology, media and telecommunications;

  – Ergo Italia is active in the insurance sector, offering exclusively in Italy both life and non-life products, as well as  operating  in  the
    distribution of insurance products.

 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)
                                        Johannes LAITENBERGER
                                        Director-General

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[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 C015, 16.1.2016, p. 15.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE