Bain Capital / Tingstad Group - EC Merger Notification M.12379

Disclaimer : The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein. M.12379 - BAIN CAPITAL / TINGSTAD GROUP

SECTION 4 Description of the concentration The notified concentration relates to the proposed acquisition of sole control, within the meaning of Article 3(1)(b) of the EU Merger Regulation, over Aktiebolaget Tingstad Papper and its subsidiaries ("Tingstad Group" or the "Target") by funds managed and/or advised by

Bain Capital Investors, LLC ("Bain Capital", jointly with Tingstad Group, the "Parties") (the "Proposed Transaction").

On 25 February 2026, affiliates of Bain Capital and the shareholder of Tingstad Group entered into a Share Sale and Purchase Agreement (the "SPA"). Pursuant to the SPA, funds managed and/or advised by Bain Capital will indirectly acquire shares and voting rights in Tingstad Group. Upon completion of the Proposed Transaction, funds managed and/or advised by Bain Capital will indirectly exercise sole control over Tingstad Group for purposes of the EU Merger Regulation. Bain Capital is a private equity investment firm that invests in companies across a number of industries, including information technology, healthcare, retail and consumer products, communications, financial services and industrial/manufacturing. Bain Capital is headquartered in the United States. Tingstad Group is a business-to-business ("B2B") distributor of non-food consumables, focused on the distribution of hygiene and cleaning products, foodservice disposables and bags and packaging, primarily for customers in the hotel, restaurant, catering, grocery and retail, office and facilities industries. Tingstad Group also has a production arm focused on the manufacturing of paper carrier bags and e-commerce paper sacks, mainly in Sweden. Tingstad Group is headquartered in Sweden.

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