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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 11/12/2014

In electronic form on the EUR-Lex website under document number 32014M7445

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 11.12.2014 C(2014) 9781 final

PUBLIC VERSION

SIMPLIFIED MERGER PROCEDURE

To the notifying party:

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

Subject: Case M.7445 - 3i GROUP/ CHRIST JUWELIERE UND UHRMACHER SEIT 1863 Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 and Article 57 of the Agreement on the European Economic Area

1.On 12 November 2014 the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking 3i Group plc (United Kingdom) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Diamond Holding GmbH (Germany), the holding company of Christ Juweliere und Uhrmacher seit 1863 GmbH (Germany), by way of purchase of shares.

1OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.

2OJ L 1, 3.1.1994, p.3 ("the EEA Agreement").

3Publication in the Official Journal of the European Union No C 412, 19/11/2014, p. 3.

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.

The business activities of the undertakings concerned are:

-- for 3i Group plc: making investments as well as managing investments on behalf of, and providing management advice to investment funds concerning private equity, infrastructure and debt management. 3i indirectly controls Amor, which is primarily active as a wholesaler of jewellery in Germany;

-- for Diamond Holding GmbH: holding company of Christ Juweliere und Uhrmacher seit 1863 GmbH ("Christ");

-- for Christ: jewellery and watches retailer active mainly in Germany.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 6 of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission (Signed) Alexander ITALIANER Director-General

OJ C 366, 14.12.2013, p. 5.

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