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 notified concentration involves the proposed acquisition of joint control by CPP Investment Board (“CPPIB”) and Téthys Invest SAS (“Téthys Invest”) of the Galileo Global Education group (“Galileo”) by way of purchase of shares.

CPPIB is a global investment management organisation, established in Canada, that invests the funds transferred to it by the Canada Pension Plan Fund.

Téthys Invest is a subsidiary of the holding company of the Bettencourt-Meyers family (Téhys SAS), headquartered in France. Téthys Invest is dedicated to direct long term investments in entrepreneurial projects globally.

Galileo is an international provider of private post-secondary training and education services, headquartered in France, which operates a number of institutions around the world. In the EEA, Galileo is active primarily in France, Italy, Cyprus, Germany and the UK.

As a result of the proposed concentration, CPPIB and Téthys Invest will acquire joint control of Galileo within the meaning of Article 3(1)(b) of the EU Merger Regulation.

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.