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

On 03.07.2023, the European Commission received notification of a proposed concentration pursuant to Article 4 of the EUMR by which the Seventh Cinven Fund intends to acquire sole control of Amara S.A. (“Amara”, together with its subsidiaries, “Amara Group” or “Target Group”).

The concentration will be accomplished by way of purchase of shares (i.e., by a sale and purchase of shares agreement).

The business activities of the undertakings concerned are:

-For Cinven: private equity business engaged in the provision of investment management and investment advisory services to a number of investment funds. Cinven controls a number of portfolio companies which are active in a variety of sectors across a range of jurisdictions. The Seventh Cinven Fund is incorporated in Guernsey.

-For Amara: Spanish headquartered company, operating in 7 countries, and through its 3 different divisions: Renewable Energies, Electrification and Energy Transition Services, focusing its activities on the principles of decarbonization, electrification and energy efficiency and digitalization. Amara is incorporated in Spain.

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