GIM acquiring TCR Group - Merger Notification under Simplified Procedure

EUR-Lex Official Journal C-series

Published April 1st, 2026

Detected April 1st, 2026

Summary

The European Commission published prior notification of proposed concentration Case M.12389 involving GIM's acquisition of TCR Group. The transaction is being reviewed under the simplified procedure, indicating preliminary assessment that it does not raise significant competition concerns. Third parties with legitimate interests may submit observations to the Commission.

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What changed

The European Commission published a prior notification in the Official Journal regarding Case M.12389, concerning GIM's proposed acquisition of TCR Group. The transaction is being assessed under the simplified procedure, which applies to concentrations that do not raise serious doubts as to their compatibility with the common market. The publication includes the parties' names, nature of the concentration, and relevant economic sectors involved.

For the merging parties and their advisors, this notice initiates the formal review process under the EU Merger Regulation. The parties should ensure all required documentation is submitted accurately and be prepared to provide additional information if requested during Phase I review. Third-party economic operators who believe the concentration may affect their interests may submit observations to the Commission within the specified timeframe. No action is required from companies outside the transaction, but competitors and上下游 businesses should monitor whether the combined entity affects their market position.

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Prior notification of a concentration (Case M.12389 – GIM / TCR) – Candidate case for simplified procedure

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OJ C, C/2026/2055, 1.4.2026, ELI: http://data.europa.eu/eli/C/2026/2055/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

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| | Official Journal
of the European Union | EN

C series |

| | C/2026/2055 | 1.4.2026 |
Prior notification of a concentration

(Case M.12389 – GIM / TCR)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2026/2055)

On 18 March 2026, 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:

| — | Global Infrastructure Management, LLC (‘GIM’, US), ultimately controlled by BlackRock, Inc. (US), |

| — | TCR Group (‘TCR’, Belgium), controlled by 3i Group plc (United Kingdom). |
GIM will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of TCR.

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are the following:
| — | GIM is the global independent infrastructure fund manager of Global Infrastructure Partners and is primarily focused on investing in transportation, energy, waste, water, and digital infrastructure sectors, |

| — | TCR is primarily active in full-service leasing of ground support equipment to independent ground handlers, airports, and airlines globally. TCR also provides repair and maintenance services (largely on leased fleet, but also on non-leased/third-party fleet) and fleet management services. |
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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

The Commission invites interested third parties to submit their possible observations on the proposed concentration 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.12389 – GIM / TCR

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

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

Postal address:

(2) OJ C 160, 5.5.2023, p. 1.

ELI: http://data.europa.eu/eli/C/2026/2055/oj

ISSN 1977-091X (electronic edition)

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