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OAKLEY CAPITAL / 21 INVEST GROUP / PLG
M.11398
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
M.11398 - OAKLEY CAPITAL / 21 INVEST GROUP / PLG
SECTION 4
Description of the concentration
On December 22, 2023, the European Commission received notification of the proposed acquisition of indirect joint control by Newco, an entity controlled by Oakley Sawgrass a SPV, advised by Oakley Capital Limited, the investment adviser to the general partner and fund manager of Oakley Capital V Master SCSp (“Oakley Capital”) and funds managed by 21 Invest France (“21 Invest”) over PLG Capital SAS and its subsidiaries (“PLG”) (by means of a share acquisition) (the “Transaction”). PLG is currently under the sole control of 21 Invest.
The Transaction qualifies as a change of control on a lasting basis of PLG, within the meaning of Articles 3(1)(b) and 3(4) of Council Regulation (EC) No 139/2004 (the “EUMR”), from sole control by 21 Invest to joint control by 21 Invest and Oakley Capital.
The business activities of the Parties are as follows:
Oakley Capital, headquartered in the UK, is a private equity firm with a focus on Western Europe. It invests in mid-market companies across the following core sectors: business services, technology, consumer and education.
21 Invest group comprises 21 Invest S.p.A, headquartered in Italy, and its subsidiaries in France, Italy, and Poland. These subsidiaries manage private equity funds investing in European mid-market companies across a variety of sectors.
PLG, headquartered in France, is a regulatory & compliance partner to the pharmaceutical companies, and provider of outsourcing services.
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