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Case No COMP/M.3490 - TPG / DLJ / CSFB / GROHE

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 07/07/2004

Also available in the CELEX database Document No 304M3490

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 07/07/2004

SG-Greffe(2004) D/202670

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties:

Dear Sirs,

Subject: Case No. COMP/M.3490 - TPG Partners IV, L.P. / DLJ Merchant Banking III, Inc./Grohe AG Notification of 04/06/2004 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 160 du 17/06/2004

1.On 04/06/2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings TPG Partners IV, L.P. (ìTPG IVî, USA), a group of parallel funds managed by TPG Advisors IV, Inc., and DLJ Merchant Banking III, Inc. (ìDLJ MBî, USA), which belongs to the Credit Suisse Group (ìCS Groupî, Switzerland), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking GROHE AG (ìGROHEî, Germany) by way of purchase of shares.

2.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph

1OJ L 24, 29.1.2004 p. 1

Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

4, subparagraph b, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89.

For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.

For the Commission

(signed) Mario MONTI Member of the Commission

2OJ C 217, 29.07.2000, p. 32; Council Regulation (EEC) No 4064/89 has been replaced by Council Regulation (EC) No 139/2004.

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