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IDeA / IP / HUNT / CORIN

M.7611

IDeA / IP / HUNT / CORIN
May 27, 2015
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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

This notification relates to the proposed acquisition of joint control within the meaning of

Article 3(1)(b) of Regulation (EC) No. 139/2004 by IDeA Capital Funds SGR S.p.A.

(“IDeA”), IP Investimenti e Partecipazioni S.r.l. (“IP”), Hunt Capital S.A.(“Hunt”) of Corin

Group PLC (“Corin”).

The business activities of the undertakings concerned are:

-- for IDeA: managing of private equity funds of funds and direct investments through private

equity direct funds with domestic and international exposure. IDeA is indirectly controlled by

De Agostini S.p.A. (“De Agostini”), the ultimate parent company of the De Agostini Group

(“De Agostini Group”). De Agostini Group is a family-owned private group active in 4

business areas: publishing, media, games and services, finance.

-- for IP: investment activities, including leveraged buy-outs, management buy-outs, industrial

spin-offs and turnarounds, including family businesses and the handing over of businesses to

the next generation.

-- for Hunt: investment activities, in any form whatsoever, in any commercial, industrial,

financial or other enterprises.

-- for Corin: design, manufacturing, distribution and sale of orthopaedic products.

Corin is solely controlled by Corin Orthopaedics Holdings Limited (“COH”), whose share

capital is owned by IDeA (29.33%), IP (29.33%), Hunt (29.33%), Alfonsi (3.75%), and the

John Trustees (8.25%). None of COH’s shareholders is currently able to control, solely or

jointly, COH and, therefore, Corin.

The proposed concentration relates to the acquisition by IDeA, IP and Hunt of joint control

within the meaning of Article 3(1)(b) of Regulation (EC) No. 139/2004 over COH and,

therefore, over Corin.

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.

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.

EUC

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