Merger Notification - Announcement according to § 10 Cartel Act
Chequers Partenaires S.A.; The Paragon Fund III GmbH & Co. geschlossene Investment KG; 7 days HoldCo GmbH
On 07.12.2020 the following merger was notified at the Federal Competition Authority:
Planned purchase process
The concentration concerns the acquisition of all shares in and sole control over 7days HoldCo GmbH (Lotte/Germany) including its direct and indirect subsidiaries by SCUR-Alpha 1241 GmbH, which is jointly controlled by funds advised by Chequers Capital XVII FPCI, a fund managed by Chequers Partenaires S.A. (Paris/France), and The Paragon Fund III GmbH & Co. geschlossene Investment KG (Munich/Germany), a fund managed by The Paragon Partners Group. The proposed concentration concerns work wear for the medical sector."
Affected industry: Manufacturing (C 14.12- Manufacture of work wear)
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.01.2021.
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 05.01.2021 .