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, 12.7.2021  
C(2021 ) 5297 final  
PUBLIC VERSION  
Astorg  Asset Management  S.à r.l.  
2 rue Albert Borschette  
L-1246 Luxembourg  
Luxembourg  
 
Bridgepoint Advisers Limited  
95 Wigmore Street  
W1U 1FB London  
United Kingdom    
Subject : Case M.10303 – ASTORG / BRIDGEPOINT / FENERGO  
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 7 June 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Astorg VII 
SCSp (represented by Astorg Asset Management S. à r. l.) and the other affiliates of 
the Astorg group (together ‘Astorg’, Luxemb ourg)  and Bridgepoint Europe VI Fund 
(‘Bridgepoint’, United Kingdom)  acquire within the meaning of Article s 3(1)(b)  and 
3(4) of the Merger Regulation joint control of the whole of Fenergo Group Limited 
(‘Fenergo’, Ireland) , by wa y of purchase of  shares .3 
2. The business activities of the undertakings concerned are:  
 Astorg: partnerships with entrepreneurial management teams for the acquisition 
of global companies and the creation of value through the provision of strategic 
guidance, experienced governance and adequate capital , 
                                                 
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 226, 14.6.2021 , p. 10. 

 
2  Bridgepoint: investments in established Europe -focused middle market businesses 
in a broad range of sectors, including consumer/retail, business services, 
industrials, financial services, healthcare, media and technology ,  
 Fenergo: the pr ovision of a host of software solutions that streamline the end -to-
end client lifecycle management processes, aimed specifically at helping banks 
and financial institutions operate effectively . 
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(a) 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 applicat ion 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 .