Case No COMP/M.5328 - GOLDMAN SACHS / APPLIANCES COMPONENTS COMPANY / BIANCHI VENDING / FINDER

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 30/10/2008

In electronic form on the EUR-Lex website under document number 32008M5328

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

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 30/10/2008

SG-Greffe(2008) 206532 C(2008)6545

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties:

Dear Madam(s) and/or Sir(s),

Subject: Case No COMP/M.5328 - GOLDMAN SACHS/ APPLIANCES COMPONENTS COMPANY/ BIANCHI VENDING/ FINDER

Notification of 29/09/2008 pursuant to Article 4 of Council Regulation (EC) No.

1 OJ L 24, 29.1.2004 p. 1

Publication in the Official Journal of the European Union No. C 254 of 07.10.2008, page 11

1.On 29 September 2008 the Commission received a notification of a proposed concentration within the meaning of Article 4 of the Merger Regulation by which the Goldman Sachs Private Equity Holding L.P. ("GSPEH"), controlled by Goldman Sachs Group Inc ("Goldman Sachs", USA) will acquire within the meaning of Article 3(1) (b) control over Appliances Components Companies S.p.A. ("ACC", Italy), Bianchi Vending Group S.p.A. ("Bianchi", Italy), Finder S.p.A. ("Finder", Italy) and the group of companies controlled by each of them (collectively "the Target Companies") by way of a purchase of shares.

The business activities of the undertakings concerned are:

-- for Goldman Sachs: investment banking and securities;

11 OJ L 24, 29.1.2004 p. 1

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

-- for ACC: manufacture of motors for the wet industry (washing machines, dryers and dishwashers) and compressors for commercial and household refrigerators undertaking;

-- for Bianchi: manufacture of vending machines;

-- for Finder: manufacture of industrial pumps and filters.

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 5, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain

concentrations under Council Regulation (EC) No. 139/2004.

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) Philip LOWE Director General

22 OJ C 56, 05.3.2005 p.32

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