Merger Notification - Announcement according to § 10 Cartel Act
AlpInvest Partners B.V.; Montefiore Investment SAS; Isabel Marant bezeichnet Smile Group Sas; European Digital Group SAS
BWB/Z-6498
On 31.01.2024 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 (limited partnership interests) of more than 50% in an investment fund, which will be holding 25% or more of the shares in (i) European Digital Group SAS and (ii) Smile Group SAS (known as the brand Isabel Marant), advised and controlled by affiliates of Montefiore Investment SAS (France).
Economic Sector: Manufacture of wearing apparel; Manufacture of foot-wear; Computer consultancy activities (J 62.02); Advertising agencies
C - MANUFACTURING J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES, M - REAL ESTATE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.02.2024.
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 29.02.2024 .