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, 8.12.2021  
C(2021 ) 9333 final  
PUBLIC VERSION  
EQT Fund Management S.à r.l.  
c/o EQT Private Equity  
Leopoldstra ße 8 
80082 Munich  
Germany  
Hellman & Friedman LLC  
c/o Hellman  & Friedman LLP  
The Brunel Building  
2 Canalside Walk  
London W2 1DG  
United Kingdom  
Subject : Case M. 10504 – EQT / H&F / ZOOPLUS  
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 15 Novemb er 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 (“EQT”, Luxembourg)  and Hellman & Friedman LLC (“H&F”, 
United States) intend to acquire within the meaning of Article s 3(1)(b) and 3(4) of the 
Merger Regulation  joint control of Zooplus  AG (“Zooplus”, Germany) . The 
concentration is accomplished  by way of  purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 For EQT : investment fund part of the EQT group, whose portfolio companies are 
active globally in a variety of industries and sectors like healthcare, services, 
consumer goods, energy & environment etc. , 
                                                 
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, 3.1.199 4, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 473, 24.11.2021 , p. 33. 

2  For H&F: private equity investment in a variety of sectors wor ldwide, including 
software & technology, financial services, healthcare, consumer & retail and 
other business services , 
 For Zooplus: e -commerce retailer of pet supplies, with activities in most EU 
Member States. Zooplus operates a number of localized and c ross-national web 
shops selling pet supplies for dogs, cats, birds, horses, small animals and aquatic. 
The product range includes, in particular, pet food, as well as pet accessories 
(such as scratch trees, transport baskets, toys, litter and snacks) . 
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 (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 noti fied 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 Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .