# C_2023334EN.01001001.xml

| 22.9.2023 | EN | Official Journal of the European Union | C 334/10 |
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22.9.2023

EN

Official Journal of the European Union

C 334/10

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Prior notification of a concentration

(Case M.11281 – GOLDMAN SACHS / CHARLESBANK CAPITAL PARTNERS / WORLD INSURANCE ASSOCIATES)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 334/05)

1.

This notification concerns the following undertakings:

| — | Charlesbank Capital Partners, LLC (‘Charlesbank’, USA), |
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Charlesbank Capital Partners, LLC (‘Charlesbank’, USA),

| — | Goldman Sachs Asset Management, LP (‘Goldman Sachs Asset Management’, USA), controlled by the Goldman Sachs Group, Inc (USA), |
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Goldman Sachs Asset Management, LP (‘Goldman Sachs Asset Management’, USA), controlled by the Goldman Sachs Group, Inc (USA),

| — | World Insurance Associates, LLC (‘World Insurance Associates’, USA), solely controlled by Charlesbank. |
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World Insurance Associates, LLC (‘World Insurance Associates’, USA), solely controlled by Charlesbank.

Charlesbank Capital Partner and Goldman Sachs Asset Management will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of World Insurance Associates.

The concentration is accomplished by way of purchase of shares.

2.

| — | Charlesbank is a private equity firm with portfolio companies active in business services, consumer, healthcare, industrial, technology and technology infrastructure, primarily in North America, |
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Charlesbank is a private equity firm with portfolio companies active in business services, consumer, healthcare, industrial, technology and technology infrastructure, primarily in North America,

| — | Goldman Sachs Asset Management provides investment and advisory services across public and private markets for international institutions, financial advisors and individuals. |
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Goldman Sachs Asset Management provides investment and advisory services across public and private markets for international institutions, financial advisors and individuals.

3.

The business activities of World Insurance Associates are the following: insurance brokerage specialised in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.

4.

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.

5.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11281 – GOLDMAN SACHS / CHARLESBANK CAPITAL PARTNERS / WORLD INSURANCE ASSOCIATES

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:

| European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  
  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

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

2

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