Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 10.06.2021  
C(2021 ) 4309 final  
PUBLIC VERSION  
Astorg Asset Management S.a.r.l.  
Rue Albert Borschette 2   
L-1246 Luxembourg  
Grand Duchy of Luxembourg  
 
Cobepa SA  
Rue de la Chancellerie 2, box 1   
1000 Brussels  
Belgium  
Subject : Case M.10281 — Astorg / Cobepa / Corsearch  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 17 May 2021 , the European Commission re ceived notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Astorg Asset 
Management S.a.r.l. (“Astorg”, Luxembourg) and Cobepa SA (“Cobepa”, Belgium)  
acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint 
control over the whole of the undertaking Corsearch US Holdings, Inc. (“Corsearch”, 
USA)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for Astorg: investments in and acqui sitions of  global companies in partnership 
with entrepreneurial management with the view to create value through the 
provision of strategic guidance, experienced governance and adequate capital,  
 for Cobepa: investments in and buy -out acquisitions  of growth companies  mainly 
in Europe and North America,  
                                                 
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 introduc ed 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 201, 28.05.2021 , p. 11. 

2  for Corsearch: the provision of data, analytics, and services that support brands to 
market their assets and reduce commercial risks as well as trademark clearances 
support and brand protection . 
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)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .