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

The present notification concerns the following undertakings:

a) Intermediate Capital Group, plc (ICG, United Kingdom, listed on the London Stock Exchange);

b) Corporación J. Uriach, S.A. (Holding Uriach, Spain, owned by several members of the Uriach family);

c) Grupo J. Uriach, S.L.U. (Uriach, Spain, controlled by Holding Uriach); and

d) PAM Invest-Ineldea Santé SAS (Ineldea, France, ultimately controlled by Mr. Nicolas Cappelaere).

The notified concentration consists of the proposed acquisition of joint control over Uriach and Ineldea by ICG (indirectly through a fund ultimately advised by it) and by Holding Uriach within the meaning of Article 3(1)(b) of the Council Regulation 139/2004 of 20 January 2004 on the control of concentrations between undertakings.

The business activities of the undertakings concerned are:

a) ICG is a global alternative asset manager in structured and private equity, private debt, real assets, and credit based in UK with presence in Europe, Asia Pacific and the US;

b) Holding Uriach is a holding company with no activity;

c) Uriach is the top entity of a group of companies active in the commercialisation of OTC finished dose form pharmaceuticals and the development and commercialisation of consumer healthcare products, such as food suplements, cosmetics and skin care products mainly in Spain. Uriach is also present in the distribution of natural products, including food supplements, cosmetics, home products, baby related products, and a small number of home appliances dedicated to the preparation of food, kitchenware and homeware through an online website operated under the brand “Naturitas”; and

d) Ineldea is the top entity of a group of companies active in the development and commercialisation of natural food supplements, cosmetics, personal care and other related products mainly in France. Ineldea is also present in Italy in the wholesale distribution of finished dose form pharmaceuticals, natural food supplements, cosmetics, personal care products and other related products

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