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, 06.05.2021  
C(2021 ) 3369 final  
PUBLIC VERSION  
Charlesbank Capital Partners, LLC  
200 Clarendon Street , 54th Floor   
Boston - MA 02116 –Massac husetts  
USA  
 
TA Associates Management, L.P  
200 Clarendon Street , 56th Floor  
Boston -MA 02116 Massac husetts  
USA  
 
Clearlake Capital Group, L.P.  
233 Wilshire Blvd, Suite 800 -  
CA 90401 -1207 - Santa Monica   
USA  
Subject : Case M.10233 - CLEARLAKE / TA ASSOCIATES / CHARLESBANK / 
IVANTI  
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 14 April 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  Clearlake 
Capital Group L.P. (United States), TA Associates Management, L.P. (United States) 
and Charlesbank Capital Partners, LLP (United States) acquire within the meaning of 
Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of 
Ivanti Software, Inc. (United States) currently controlled by Clearlake and TA 
Associates , by way of purchase of shares .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 149, 27.04.21 , p.8. 

2 2. The business a ctivities of the undertakings concerned are:  
 for Clearlake: a private investment firm with portfolio companies active in software 
and technology -enabled services, energy and industrials, and consumer ; 
 for TA Associates : a private equity firm with portfolio  companies active in selected 
industries, including business services, consumer, financial services, healthcare and 
technologies ; 
 for Charlesbank : a private equity firm with portfolio companies active in business 
services, consumer, healthcare, industrial and technology and technology 
infrastructure ; 
 for Ivanti : Ivanti offers a software platform for companies’ internal IT departments, 
which provides user management and industrial mobility software and solutions. 
Ivanti’s offering allows an organisation’s in ternal IT department to track and log IT 
issues, and track completion/resolution of the issues.  
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 (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 procedure, the European 
Commission has decided not t o 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 Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .