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, 18.08.2021  
C(2021 ) 6191 final  
PUBLIC VERSION  
The Blackstone Group Inc.  
345 Park Avenue  
NY 10154 – New York  
United States of America  
 
Vista Equity Partners Management, 
LLC  
4 Embarcadero Center, 20th Floor  
CA 94111 -  San Francisco  
United States of America  
 
Subject : Case M.10383 -BLACKSTONE / VISTA / ELLUCIAN  
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 27 July 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Blackstone 
Group Inc (“Bla ckstone ”, USA ), and Vista Equity Partners Management LLC  
(“Vista ”, USA ), acquire within the meaning of Article 3(1)(b) of the Merger 
Regulation joint control  of the whole  Ellucian Company L.P. (“Ellucian”, USA)  by 
way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for Blackstone: global alternative asset manager , 
                                                 
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 313,05.08.2021 , p.14. 

2  for Vista: private investment firm that manages a number of portfolio companies 
active in the provision of IT services, focused on empowering and growing 
enterprise software, data and technology -enabled businesses , 
 for Ellucian: provider of software and cloud services to higher education 
institutions, such as enterprise resource planning software, student information 
systems, constituent relationship management software and analytics. Ellucian is 
currently controlled by TPG Capita l (USA) . 
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 a nd 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 .