# C_2020223EN.01001801.xml

| 7.7.2020 | EN | Official Journal of the European Union | C 223/18 |
| --- | --- | --- | --- |

7.7.2020

EN

Official Journal of the European Union

C 223/18

---

Prior notification of a concentration

(Case M.9880 – Permira/Warburg/Tilney/Smith & Williamson)

Candidate case for simplified procedure

(Text with EEA relevance)

(2020/C 223/05)

1.

This notification concerns the following undertakings:

| — | Permira Holdings Limited (‘Permira’, Guernsey), |
| --- | --- |

—

Permira Holdings Limited (‘Permira’, Guernsey),

| — | Warburg Pincus LLC (‘Warburg Pincus’, USA), |
| --- | --- |

—

Warburg Pincus LLC (‘Warburg Pincus’, USA),

| — | Tilney Group Limited (‘Tilney’, United Kingdom), which is ultimately controlled by Permira Holdings Limited (‘Permira’, Guernsey), and |
| --- | --- |

—

Tilney Group Limited (‘Tilney’, United Kingdom), which is ultimately controlled by Permira Holdings Limited (‘Permira’, Guernsey), and

| — | Smith & Williamson Holdings Limited (‘Smith & Williamson’, United Kingdom). |
| --- | --- |

—

Smith & Williamson Holdings Limited (‘Smith & Williamson’, United Kingdom).

Permira and Warburg Pincus acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Smith & Williamson and Tilney. The concentration is accomplished by way of purchase of shares.

2.

| — | Permira is a private equity business engaged in the provision of investment management services to a number of investment funds. |
| --- | --- |

—

Permira is a private equity business engaged in the provision of investment management services to a number of investment funds.

| — | Warburg Pincus is a global private equity firm headquartered in New York. Warburg Pincus’ portfolio companies are active in a variety of sectors, including energy, financial services, healthcare, industrial and business services, technology, media and telecommunications. |
| --- | --- |

—

Warburg Pincus is a global private equity firm headquartered in New York. Warburg Pincus’ portfolio companies are active in a variety of sectors, including energy, financial services, healthcare, industrial and business services, technology, media and telecommunications.

| — | Tilney is an independent wealth management firm headquartered in London, with offices throughout the UK. It is primarily active in providing financial planning, investment management, and advisory services to private clients. |
| --- | --- |

—

Tilney is an independent wealth management firm headquartered in London, with offices throughout the UK. It is primarily active in providing financial planning, investment management, and advisory services to private clients.

| — | Smith & Williamson is an independent financial and professional services firm headquartered in London, with offices throughout the UK and Ireland. Smith & Williamson offers, professional, financial and investment management services to individuals and businesses. |
| --- | --- |

—

Smith & Williamson is an independent financial and professional services firm headquartered in London, with offices throughout the UK and Ireland. Smith & Williamson offers, professional, financial and investment management services to individuals and businesses.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

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

M.9880 – Permira/Warburg/Tilney/Smith & Wiliamson

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

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

Fax +32 22964301

Postal address:

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

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

---