1.   

On 12 May 2020, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	Advent International Corporation (US, ‘Advent’),

—	Cinven Capital Management (VII) General Partner Limited (UK, ‘Cinven’),

—	thyssenkrupp Elevator AG (Germany, ‘tkE’), controlled by thyssenkrupp AG.

Advent and Cinven acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of tkE.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are:

—	for Advent: acquisition of equity stakes and the management of investment funds in various sectors, including business and financial services,

—	for Cinven: provision of investment management and investment advisory services to a number of investment funds,

—	for tkE: installation and servicing of elevators, escalators, passenger boarding bridges and stairlifts, as well as directly related ancillary activities.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9815 – Advent/Cinven/thyssenkrupp Elevator

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË