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Document 52024M11726

Prior notification of a concentration (Case M.11726 – CLEARLAKE / MV CREDIT) – Candidate case for simplified procedure

PUB/2024/967

OJ C, C/2024/6047, 8.10.2024, ELI: http://data.europa.eu/eli/C/2024/6047/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/2024/6047/oj

European flag

Official Journal
of the European Union

EN

C series


C/2024/6047

8.10.2024

Prior notification of a concentration

(Case M.11726 – CLEARLAKE / MV CREDIT)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2024/6047)

1.   

On 1 October 2024, 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:

Clearlake Capital Group Limited (United Kingdom), controlled by Clearlake Capital Group L.P. (‘Clearlake’, United States),

MV Credit Limited (‘MV Credit’, United Kingdom), controlled by BPCE SA (France).

Clearlake will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of MV Credit.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are the following:

Clearlake is a private investment firm with portfolio companies active in software and technology-enabled services, energy and industrials, and food and consumer products,

MV Credit is a private credit firm that invests in senior and subordinated debt.

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.11726 – CLEARLAKE / MV CREDIT

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/2024/6047/oj

ISSN 1977-091X (electronic edition)


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