Diario Oficial de la Unión Europea del 15/3/2022 - Comunicaciones e Informaciones
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Source: Diario Oficial de la Unión Europea - Comunicaciones e Informaciones
C 120/28
EN
Official Journal of the European Union
15.3.2022
Prior notification of a concentration Case M.10586 MGL / MSP / OCONNOR / MCLAREN RACING
Candidate case for simplified procedure Text with EEA relevance
2022/C 120/07
1. On 7 March 2022, 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:
UBS OConnor LLC OConnor, United States, controlled by UBS AG UBS, Switzerland;
MSP Racing Holdings, L.P. MSP, United States;
McLaren Group Limited MGL, United Kingdom, controlled by Bahrain Mumtalakat Holding Company B.S.C.c Mumtalakat, Bahrain;
McLaren Racing Limited the JV, United Kingdom.
OConnor, MSP and MGL together, the Notifying Parties acquire within the meaning of Article 31b and 34 of the Merger Regulation joint control of the JV the Transaction.
The concentration is accomplished by way of contract or any other means.
2.
The business activities of the undertakings concerned are:
for OConnor: a US-based investment adviser providing investment advisory services to its clients, which include investment funds and sophisticated investors, for MSP: a US-based privately held investment advisory firm which manages investments in professional sports teams, leagues, and businesses in the sports ecosystem, for MGL: holding company for the business activities of the McLaren group. The McLaren groups business comprises two key divisions, i.e. i McLaren Automotive Limited, a provider of luxury high performance cars; and ii the JV, for the JV: the development, production, racing and marketing in connection with its participation in Formula 1
motorsport. In addition to its Formula 1 business, McLaren Racing is also active in other motorsport leagues such as the US-based IndyCar Series where McLaren Racing currently cooperates with, and provides technical support to, the US racing team Arrow McLaren SP.
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.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation EC No 139/2004 2 it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
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.10586 MGL / MSP / OCONNOR / MCLAREN RACING
1 OJ L 24, 29.1.2004, p. 1 the Merger Regulation.
2 OJ C 366, 14.12.2013, p. 5.
