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,  8.7.2021  
C(2021) 5205 final  
PUBLIC VERSION  
Macquarie European Investment Holdings 
Limited  
Ropemaker Place, 28 Ropemaker Street  
EC2Y 9HD London  
United Kingdom  
 
Warburg Pincus LLC  
450 Lexington Avenue  
NY 10017 New York  
United States of America  
Subject : Case M. 10317 – MACQUARIE / WARBURG PINCUS / PTSG  
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 11 June 2021 , the European Commission  received  a notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Warburg 
Pincus LLC  (‘Warburg Pincus ’, USA)  and Macquarie Group Limited  (‘Macquarie ’, 
UK) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation 
joint control of Premier Technical Services Group Limited  (‘PTSG ’, UK) . The 
concentration is accomplished by way of purchase of shares .3 
2. The business activities of the underta kings concerned are:  
 For Warburg Pincus : management of private equity  funds;  Warburg Pincus' 
portfolio companies are active in a variety of sectors, including energy, financial 
services, healthcare, industrial and business services, technology, media and 
telecommunications , 
                                                 
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 wi ll 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 236, 18.6.2021, p. 12. 

2  for Macquarie : provision of asset management and finance, banking, advisory and 
risk and capital solutions across debt, equity and commodities; Macquarie holds  
interests in a number of companies in various industry sectors, including , but not 
limited to , energy utilities in Europe , 
 for PTSG : suppl y of building safety equipment and maintenance services 
including  façade access and fall arrest equipment services, lightning protection 
and electrical testing, specialist building access and fire  solutions .  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls w ithin 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 pro cedure, 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 Artic le 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .