Commission Decision of 05/11/2003 declaring a concentration to be compatible with the common market (Case No COMP/M.3278 - CVC / TPG / DEBENHAMS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

Decision // 05/11/2003 // 2 min read
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Commission Decision of 05/11/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3278 - CVC / TPG / DEBENHAMS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 277 , 18/11/2003 P. 0016 - 0016

Commission Decision of 05/11/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3278 - CVC / TPG / DEBENHAMS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

To the notifying parties

Dear Madam(s) and/or Sir(s),

Subject: Case No. COMP/M.3278 - CVC/TPG/Debenhams Notification of 3.10.2003 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Union No. C 245, 11.10.2003, page 35

[1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.

  1. On 3.10.2003, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertakings CVC Capital Partners Group Limited, Capital Partners (Luxembourg) S.A. (“CVC”, the United Kingdom) and TPG Advisors III, Inc. (“TPG”, USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Debenhams plc (“Debenhams”, the United Kingdom) by way of a court procedure under UK company law.

The business activities of the undertakings concerned are:

  • CVC: investment company

  • TPG: investment company

  • Debenhams: retailing a range of consumer, household and non-food goods

  1. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].

[2] OJ C 217, 29.07.2000, p. 32.

  1. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.

For the Commission (Signed) Mario MONTI Member of the Commission

Competition , Concentrations between undertakings