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, 4.8.2021  
C(2021 ) 5943 final  
PUBLIC VERSION  
BC Partners LLP  
40 Portman Square   
London W1H 6DA  
United Kingdom  
 
Vista Equity Partners Management,  
LLC 
4 Embarcadero Center, 20th Floor  
San Francisco, CA 94111  
United States of America  
Subject : Case M .10337  – BC PARTNERS / VISTA EQUITY PARTNERS / EAB 
GLOBAL  
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 9 July 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4  of the Merger  Regulation by which BC Partners 
(‘BC Partners’, United Kingdom)  and Vista Equity Partn ers Management, LLC 
(‘Vista’, United States of America ) intend to acquire, within the meaning of Article s 
3(1)(b)  and 3(4)  of the Merger Regulation , joint control of the whole of  EAB Global, 
Inc. (‘EAB Global’, United States of America), which is currently  solely controlled by 
funds managed by Vista. The concentration is accomplished by way of  purchase of 
shares .3 
2. The business activities of the undertakings concerned are:  
 for BC Partners: international investment firm providing advisory services to 
financia l investors,  
                                                 
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 ( the ‘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 284, 16.7.2021, p. 16. 

2  for Vista: investment firm focused on enterprise software, data and 
technology -enabled businesses,  
 for EAB Global: company providing best practices research, student success 
management software and data -enabled enrolment solutions to the not -for-
profit higher education and K -12 markets.  
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 s 5(a) and 5(c)  of the Commission Notice o n 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 Agre ement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .