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

Private equity fund manager DHC Limited intends to indirectly acquire within the meaning of Article 3(1)(b) of the EC Merger Regulation sole control of Vue Entertainment Investment Limited ("Vue") by way of purchase of shares.

The business activities of the undertakings concerned are:

(a) for the undertaking DHC Limited: private equity fund manager. DHC is a private equity fund manager that directly or through its subsidiaries organizes and administers a number of private equity and equity related investment funds on behalf of institutional and private investors; and

(b) for the undertaking Vue: cinema exhibitor. Vue is engaged in the provision of cinema exhibition services, predominantly in the UK.

The Proposed Transaction is an addition to DHC Limited's portfolio of industrial companies. The objective of DHC Limited is to realise a profit on its portfolio investments in due course through sale or flotation of the portfolio companies. DHC Limited is committed to enhancing the value of each of its portfolio companies and to ensuring ultimately a continuous high quality service is provided by its portfolio companies to their customers.