(1) This Part applies where control is acquired of a non-listed company or issuer in one of the following ways -
(a) one AIF acquires control individually;
(b) two or more AIFs, managed by the same AIFM, acquire control jointly on the basis of an agreement aimed at acquiring such control; or
(c) two or more AIFs, managed by two or more AIFMs, acquire control jointly on the basis of an agreement aimed at acquiring such control.
(2) This Part also applies where an AIF acquires, holds or disposes of shares of a non-listed company (but control is not acquired).
(3) This Part does not apply where the non-listed company or issuer is -
(a) a small or medium-sized enterprise within the meaning of Article 2(1) of the Annex to Commission Recommendation 2003/361/EC of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises [OJ L 124, 20.5.2003, p. 36.]; or
(b) a special purpose vehicle with the purpose of purchasing, holding or administering real estate.