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ADVENT / DEM BUSINESS / HPM BUSINESS
M.10817
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of 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.
SECTION 1.2
Description of the concentration
On 23 November 2022, the Commission received a notification of a proposed concentration pursuant to Article 3(1)(b) of Council Regulation (EC) 139/2004 by which certain funds managed and advised by AIC, a globally active advisor to and manager of private equity investment funds, intend to acquire sole control over (i) HPM of LANXESS and (ii) DEM of DSM.
The business activities of the undertakings concerned are:
(a) HPM: the manufacture, sale and marketing of thermoplastic polymers and intermediates necessary for the production of such polymers, i.e. PA-based engineering plastics, PBT-based engineering plastics, and continuous fibre-reinforced thermoplastic composites.
(b) DEM: the development, production and supply of high-performance thermoplastics, offering a broad range of polymers, incl. PAs, polyesters and polyphenylene sulphides to a wide range of industries.
(c) Advent is a private equity investor based in Boston, USA. Advent focuses on (i) the acquisition of equity stakes (both controlling and non-controlling) in companies where it believes that an injection of capital would improve the company’s future prospects for growth, and (ii) the management of investment funds. As a private equity investor, Advent has holdings in various sectors, including industrial, technology, retail, consumer and leisure, healthcare, and business and financial services. Further information on Advent is available on its website at www.adventinternational.com.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.