32017M8369

EUROPEAN COMMISSION

Brussels, 21.2.2017

C(2017) 1349 final

To the notifying party:

Subject:Case M.8369 - KKR / HITACHI KOKI
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2

Dear Sir or Madam,

1.On 26 January 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which investment funds advised by the affiliates of KKR & Co. L.P. (‘KKR’, USA) acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Hitachi Koki Co., Ltd. (‘Hitachi Koki’, Japan) by way of purchase of shares. 3

2.The business activities of the undertakings concerned are:

-for KKR: a global investment firm which offering a broad range of alternative asset management services to public and private market investors and providing capital markets solutions for the firm, its portfolio companies and clients;

-for Hitachi Koki: a Japan-based global company manufacturing and selling power tools and life-sciences instruments.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed)
Johannes LAITENBERGER
Director-General

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