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 -MERG ER-REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 23.2.2021 
C(2021)  1382 final  
PUBLIC VERSION 
EQT Fund Management s.à r.l.  
26a, Boulevard Royal  
l-2449– Luxembourg  
Luxembourg 
 
Verdane Fund Manager Future AB  
Birger Jarlsgatan 41a  
111 45– S tockholm  
Sweden  
Subject : Case M. 10140 – EFMS / VFMF / FOCUSVISION / CONFIRMIT / 
DAPRESY  
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 1 February 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which EQT Fund 
Management S.à r.l.  (“EFMS”, Luxembourg)  and Verdane Fund Manager Future AB  
(“VFMF”, Sweden)  acquire within the meaning of Article s 3(1)(b) and 3(4) of the 
Merger Regulation joint control over the whole of Confirmit AS (“Confirmit” , 
Norway ) and Dapresy AB (“Dapresy ”, Sweden), both currently controlled by VFMF , 
as well as over  FocusVision Worldwide, Inc. (“FocusVision” , United States of 
America),  currently controlled by E FMS, by way of purchase of shares  in a newly 
created company constituting a joint venture .3 
                                                 
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 46, 9.2.2021, p. 5. 

2 2. The business activities of the undertakings concerned are:  
− for EFMS: an investment fund manager , controlled by EQT A B, headquartered 
in Sweden. EFMS controls EQT Mid Market US, an investment fund focusing 
on middle market companies in North America;  
− for VFMF: an investment fund manager of certain Verdane funds, ultimately 
owned by Verdane Advisors Holding AS, headquart ered in Sweden. The 
Verdane funds invest in companies active in the consumer internet, software, 
energy and advanced industrial sectors, with a focus on the Nordic countries;  
− for Confirmit: a global vendor for multi -channel customer experience, 
employee en gagement, and market research solutions. It also develops a suite 
of software tools for market research agencies and in -house research teams of 
corporate clients. Confirmit is currently controlled by Verdane funds managed 
by VFMF;  
− for Dapresy: a provider of enterprise application software, more specifically 
survey software. It has a global expertise in the market research sector and 
provision of a unified platform to market research customers. Dapresy is 
currently part of the Confirmit group; 
− for FocusVision: a provider of technology solutions to the market research 
industry. Focusvision is indirectly controlled by EQT Mid Market US.   
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the sc ope of the Merger  Regulation and of 
paragraphs  5(a) and 5(c)  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.