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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.
SECTION 4
Description of the concentration
On 3 June 2024, Ray Acquisition Limited, a limited liability company established in the United Kingdom (“Ray Acquisition”) is owned and controlled by investment entities that are directly or indirectly managed and/or advised (including through intermediaries and funds) by Platinum Equity Advisors, LLC and ultimately controlled by Platinum Equity, LLC (collectively with its affiliates, “Platinum Equity Group”) entered into a Share Purchase Agreement (“SPA”) with Cidron Liberty Systems S.À R.L (the “Institutional Seller”, indirectly ultimately controlled by Nordic Capital group of funds and vehicles) and other minority sellers (together with the Institutional Seller, the “Sellers”), pursuant to which Ray Acquisition will acquire from the Sellers 100% of the shares and voting rights of Cidron Ollopa Investment B.V., the parent entity of the Sunrise Medical group of companies, and its respective subsidiaries as well as Capnor SM AB, Capnor SM2 AB and Sunrise Medical (US) LLC (together, “Sunrise Medical” or the “Target”). The transaction concerns the proposed acquisition of sole control over Sunrise Medical by Platinum Equity Group within the meaning of Article 3(1)(b) of the EUMR (the “Proposed Transaction”). Platinum Equity Group specializes in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of businesses, including information technology, telecommunications, logistics, metal services, manufacturing and distribution. Platinum Equity Group is headquartered in the U.S. For further information about Platinum Equity Group, please see: https://www.platinumequity.com/. Sunrise Medical is active in distribution, manufacturing and research and development of mobility solutions for mobility impaired individuals, focusing on manual and power wheelchairs, motorised scooters, seating and positioning systems and daily living aids.
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