European Commission - Daily News
Brussels, 8 February 2016
The European Commission has approved under the EU Merger Regulation the acquisition of Hunkemöller by the Carlyle Group, both of the Netherlands.
The Carlyle Group manages funds that invest globally across four disciplines (corporate private equity, real assets, global market strategies and solutions). Two of its portfolio companies, Twin-Set Simona Barbieri and Penti, are active as manufacturer, wholesaler and retailer of woman's underwear and swimwear. Hunkemöller is a designer and retailer of women’s underwear and swimwear and has stores, including franchise stores, primarily in the European Union and in the Middle East.
The Commission concluded that the proposed acquisition would raise no competition concerns, because the overlaps between the companies' activities resulting from the proposed transaction are limited. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7892.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)