Merger Notification - Announcement according to § 10 Cartel Act
AlpInvest Partners B.V.; Watling Street Capital Partners LLP; Sagemcom Group SAS
BWB/Z-6239
On 06.04.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
AlpInvest Partners B.V. (Netherlands), ultimately controlled by The Carlyle Group Inc. (USA), intends to indirectly acquire a non-controlling stake of more than 25% in CCP Climb LP, United Kingdom; i.e., a fund which will be indirectly acquiring shares in the portfolio company Sagemcom Group SAS (France), advised and controlled by affiliates of Charterhouse Capital Partners LLP (United Kingdom).
Economic Sector: Installation of industrial machinery and equipment; Telecommunications, Manufacture of electricity distribution and control ap-paratus, Manufacture of consumer electronics.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.05.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 05.05.2023 .