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Case No COMP/M.6771 - BRIDGEPOINT/ CPPIB/ DORNA

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 13/12/2012

In electronic form on the EUR-Lex website under document number 32012M6771

Office for Publications of the European Union L-2985 Luxembourg

EUROPEAN COMMISSION

Brussels, 13.12.2012 C (2012) 9702

PUBLIC VERSION

SIMPLIFIED MERGER PROCEDURE

To the notifying parties:

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

Subject: Case No COMP/M.6771 - BRIDGEPOINT/ CPPIB/ DORNA Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004

1.On 15/11/2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Bridgepoint Advisers Group Limited (''Bridgepoint'', the United Kingdom) and Canada Pension Plan Investment Board (''CPPIB'', Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Dorna Sports S.L. (''Dorna'', Spain), by way of purchase of shares.

The business activities of the undertakings concerned are:

-for Bridgepoint: private equity investment in various sectors, including financial services, healthcare and media;

-for CPPIB: professional investment management organization, investing the assets of the Canada Pension Plan;

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.

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

2for Dorna: international sports management, marketing and media company.

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 5 (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 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.

For the Commission

(Signed)

Alexander ITALIANER Director General

2Publication in the Official Journal of the European Union No C 360, 22/11/2012, p.8

3OJ C 56, 5.3.2005, p. 32.

2