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Case No COMP/M.4655 - GILDE / PARCOM / NEDSCHROEF

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 22/05/2007

In electronic form on the EUR-Lex website under document number 32007M4655

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 22.05.2007

SG-Greffe(2007) D/203049

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties :

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

Subject: Case No. COMP/M.4655 – Gilde/ Parcom/ Nedschroef Notification of 12.04.2007 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 86/09, 20.04.2007, p.22.

1.On 12 April 2007, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings Gilde Buy-Out Management Holding B.V. ('Gilde', Netherlands) and Parcom Ventures B.V. ('Parcom', Netherlands) belonging to the ING Group (Netherlands) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Koninklijke Nedschroef Holding N.V. ('Nedschroef', Netherlands) by way of public bid, which was announced on 20 April 2007.

The business activities of the undertakings concerned are:

-- for Gilde: Private equity investments,

1 OJ L 24, 29.1.2004 p. 1

Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

-- for Parcom: Private equity investments,

-- for Nedschroef: Production of fasteners, machines and machines tools.

2.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004.

For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.

For the Commission signed Philip LOWE Director General

2 OJ C 56, 05.3.2005 p.32

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