In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n <\/p>\n Nature of the transaction<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration transaction concerning the joint takeover by the company \u00ab Wendel S.E \u00bb through its subsidiaries \u00ab Expansion 17 S.C.A, FIAR \u00bb and \u00ab Global Performance 17 S.C.A, FIAR \u00bb of the company \u00ab PN VII Topco S.\u00e0 r.l \u00bb, through the acquisition of 50% of the share capital and associated voting rights.<\/p>\n \u00ab Wendel S.E. \u00bb is a French investment company headquartered in Paris, controlled by its largest shareholder \u00ab Wendel-Participations S.E. \u00bb which holds 39.6% of its capital and 52.7% of its voting rights (as of December 31, 2023). \u00ab Wendel S.E. \u00bb is listed on Euronext Paris and has portfolio companies active in several sectors, including a 51% stake in \u00ab IK Investment Partners S.\u00e0.r.l. \u00bb, a third-party asset manager, managing funds invested in various portfolio companies. \u00ab Wendel S.E. \u00bb focuses on long-term investments in listed or unlisted companies to drive their growth and development.<\/p>\n \u00ab PN VII Topco S.\u00e0.r.l \u00bb is a Luxembourg company established in 2021 whose main purpose is the acquisition, holding, management, and disposal of interests and any interest, in any form, in Luxembourg and foreign companies or other entities, companies, or investments, acquisition by purchase, subscription, or by any other means, as well as the sale, exchange, or otherwise of shares, bonds, debt certificates, notes, loans, interests in loans, deposit certificates, and any other financial instrument or security.<\/p>\n \u00ab PN VII Topco S.\u00e0 r.l. \u00bb brings together portfolio companies active in the field of education within the \u00ab Globeducate \u00bb group, which specializes in education from kindergarten to high school, with a network of 65 bilingual and international schools in Canada, Cyprus, France, India, Italy, the Netherlands, Morocco, Portugal, Spain, and the United Kingdom.<\/p>\n <\/p>\n Done in Rabat, September 5, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: Direct acquirers: The company \u00ab Expansion 17 S.C.A, FIAR \u00bb; The company \u00ab Global Performance 17 S.C.A, FIAR \u00bb. Indirect acquirer: The company \u00ab Wendel S.E \u00bb; The target: The company \u00ab PN VII Topco S.\u00e0 r.l \u00bb. Nature of the transaction Joint control acquisition. Economic sectors concerned Private school snow sector. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. September 16, 2024. NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration transaction concerning the joint takeover by the company \u00ab Wendel S.E \u00bb through its subsidiaries \u00ab Expansion 17 S.C.A, FIAR \u00bb and \u00ab Global Performance 17 S.C.A, FIAR \u00bb of the company \u00ab PN VII Topco S.\u00e0 r.l \u00bb, through the acquisition of 50% of the share capital and associated voting rights. \u00ab Wendel S.E. \u00bb is a French investment company headquartered in Paris, controlled by its largest shareholder \u00ab Wendel-Participations S.E. \u00bb which holds 39.6% of its capital and 52.7% of its voting rights (as of December 31, 2023). \u00ab Wendel S.E. \u00bb is listed on Euronext Paris and has portfolio companies active in several sectors, including a 51% stake in \u00ab IK Investment Partners S.\u00e0.r.l. \u00bb, a third-party asset manager, managing funds invested in various portfolio companies. \u00ab Wendel S.E. \u00bb focuses on long-term investments in listed or unlisted companies to drive their growth and development. \u00ab PN VII Topco S.\u00e0.r.l \u00bb is a Luxembourg company established in 2021 whose main purpose is the acquisition, holding, management, and disposal of interests and any interest, in any form, in Luxembourg and foreign companies or other entities, companies, or investments, acquisition by purchase, subscription, or by any other means, as well as the sale, exchange, or otherwise of shares, bonds, debt certificates, notes, loans, interests in loans, deposit certificates, and any other financial instrument or security. \u00ab PN VII Topco S.\u00e0 r.l. \u00bb brings together portfolio companies active in the field of education within the \u00ab Globeducate \u00bb group, which specializes in education from kindergarten to high school, with a network of 65 bilingual and international schools in Canada, Cyprus, France, India, Italy, the Netherlands, Morocco, Portugal, Spain, and the United Kingdom. Done in Rabat, September 5, 2024<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-40811","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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