Merger Notification - Announcement according to § 10 Cartel Act
PAI Partners SAS; ECG Holding SAS
BWB/Z-5586
On 30.07.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds which are managed and advised by the investment firm PAI Partners SAS, France, intend to acquire sole control over ECG Holding SAS, France, including its direct and indirect subsidiaries which form the European Camping Group. Under the terms of a Put Option Agreement an entity indirectly controlled by the fund PAI Europe VII, i.e. Horizon Bidco Société par actions simplifée, France, shall directly and indirectly acquire 100% of the shares in ECG Holding SAS.
The concentration concerns the outdoor holiday accommodation sector.
Industry sector: I - Gastgewerbe/Beherbergung und Gastronomie
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.08.2021.
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 28.08.2021 .