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Document 52018M9186

Prior notification of a concentration (Case M.9186 — The Carlyle Group/Marriott International/Penha Longa) (Text with EEA relevance.)

OJ C 418, 19.11.2018, p. 6–7 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)



Official Journal of the European Union

C 418/6

Prior notification of a concentration

(Case M.9186 — The Carlyle Group/Marriott International/Penha Longa)

(Text with EEA relevance)

(2018/C 418/06)


On 8 November 2018, 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:

Carlyle Europe Realty Fund, S.C.Sp. (Luxembourg), belonging to the Carlyle Group, L.P. (‘Carlyle’, United States of America),

Luxury Hotels International Management Company B.V. (the Netherlands), belonging to Marriott International, Inc. (‘Marriott’, United States of America),

Penha Longa property (‘Penha Longa’, Portugal), including Penha Longa Resort.

Carlyle and Marriott acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Penha Longa Resort.

The concentration is accomplished by way of purchase of shares and a pre-existing hotel management agreement.


The business activities of the undertakings concerned are:

—   for Carlyle: global alternative asset manager, which manages funds that invest globally across four investment disciplines: Corporate Private Equity, Real Assets, Global Credit, and Solutions,

—   for Marriott: parent company of a diversified hospitality group of companies, which acts as a manager and franchisor of hotels and timeshare properties,

—   for Penha Longa: includes Penha Longa Resort, a hotel with spa and two golf courses, certain sports facilities located in Penha Longa and operated by an independent manager, and the management of the Penha Longa condominium association, located in Sintra and Cascais, Portugal.


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


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.9186 — The Carlyle Group/Marriott International/Penha Longa

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


Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel


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

(2)  OJ C 366, 14.12.2013, p. 5.