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Document 52023M11271

    Prior notification of a concentration (Case M.11271 – FS INVESTMENTS / KKR / WITTUR) – Candidate case for simplified procedure

    PUB/2023/1796

    OJ C, C/2023/1571, 18.12.2023, ELI: http://data.europa.eu/eli/C/2023/1571/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    ELI: http://data.europa.eu/eli/C/2023/1571/oj

    European flag

    Official Journal
    of the European Union

    EN

    Series C


    C/2023/1571

    18.12.2023

    Prior notification of a concentration

    (Case M.11271 – FS INVESTMENTS / KKR / WITTUR)

    Candidate case for simplified procedure

    (Text with EEA relevance)

    (C/2023/1571)

    1.   

    On 11 December 2023, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

    This notification concerns the following undertakings:

    Franklin Square Holdings L.P. (‘FS Investments’, United States),

    KKR & Co. Inc. (‘KKR’, United States),

    Wittur International Holding GmbH (‘Wittur’, Germany).

    FS Investments and KKR will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Wittur.

    The concentration is accomplished by way of purchase of shares.

    2.   

    The business activities of the undertakings concerned are the following:

    FS Investments is a global alternative asset manager, providing access to a broad suite of alternative asset classes and strategies, including private equity, credit, real assets and multi-asset investments,

    KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions,

    Wittur is active in the market for the design, production, sale and trade of elevator components for residential and commercial applications, worldwide.

    3.   

    On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

    Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

    4.   

    The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

    Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

    M.11271 – FS INVESTMENTS / KKR / WITTUR

    Observations can be sent to the Commission by email or by post. Please use the contact details below:

    Email: COMP-MERGER-REGISTRY@ec.europa.eu

    Postal address:

    European Commission

    Directorate-General for Competition

    Merger Registry

    1049 Bruxelles/Brussel

    BELGIQUE/BELGIË


    (1)   OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

    (2)   OJ C 160, 5.5.2023, p. 1.


    ELI: http://data.europa.eu/eli/C/2023/1571/oj

    ISSN 1977-091X (electronic edition)


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