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 6 December 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Blitz 16-407 GmbH, an investment vehicle under the control of private equity funds managed or advised by Permira Holdings Limited ("Permira") intends to acquire control over Schustermann & Borenstein Holding GmbH ("Target") within the meaning of Article 3(1)(b) of Council Regulation (EC) No 139/2004. Following implementation of the proposed concentration, Permira will indirectly exercise sole control over Target.

The business activities of the undertakings concerned are:

(a) Permira: Permira is a private equity business engaged in the provision of investment management services to a number of investment funds. Permira controls a number of portfolio companies which are active in a variety of sectors across a range of jurisdictions.

(b) Target: Target is an omni-channel retailer of discounted premium fashion products. Target sells more than 3,000 designer brands through its online website (www.BestSecret.com) and its three stores which are located in Germany and Austria.

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.