Document ID: 32018M8945
Language: ENG

<table><tr><td><p><span><img/></span></p></td><td><p><span>EUROPEAN COMMISSION</span></p></td></tr></table>
Brussels, 19.06.2018
C(2018) 3965 final
To the Notifying Party
Subject : Case M . 8945 – PERMIRA / CISCO (TARGET BUSINESSES ) Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2
Dear Sir or Madam,
1. On 23 May 2018 , the European Commission received notification of a proposed conc entration pursuant to Article 4 of the Merger Regulation by which the undertaking Private equity funds, ultimately controlled by Permira Holdings Limited (' Permira ', UK) acquire s within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the whole of the undertaking Service Provider Video Software and Solutions ('SPVSS') business segments controlled by Cisco Systems, Inc ('Cisco', US) by way of purchase of assets . 3
2. The business activities of the undertakings concerned are:
- for Permira : private equity business engaged in the provision of investment management services to a number of investment funds. Permira controls a number of portfolio companies which are active in a variety of sectors across a range of jurisdictions.
- for Cisco's Service Provider Video Software and Solutions ('SPVSS'): supplies digital technology and services, including video processing and recording solutions and cloud-based platform services, to digital pay-TV service providers and content providers.
3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5 ( b ) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 . 4
4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1 )( b) of the Merger Regulation and Article 57 of the EEA Agreement .
For the Commission
( Signed ) Johannes LAITENBERGER Director - General
<note>
(1) OJ L 24, 29.1.2004, p. 1 ( the ' Merger Regulation ' ). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ( ' TFEU ' ) has introduced certain changes, such as the replacement of ' Community ' by ' Union ' and ' common market ' by ' internal market ' . The terminology of the TFEU will be used throughout this decision.
(2) OJ L 1, 3.1.1994, p. 3 ( the ' EEA Agreement ' ).
(3) Publication in the Official Journal of the European Union No C 185 , 30 . 5 . 2018 , p. 6 .
(4) OJ C 366, 14.12.2013, p. 5 .
</note>