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, 21.10.2021  
C(2021) 7691 final  
PUBLIC VERSION 
Silver Lake Group L.L.C  
2775 Sand Hill road,  
Suite 100 Menlo Park  CA 94025  
USA  
 
Battery management Corp.  
One Marina Park Drive  
Suite 1100  
Boston- MA 02210  
USA  
Subject : Case M.10481 - SILVER LAKE / BV / CLUBESSENTIAL HOLDINGS  
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 September 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Silver Lake 
Group LLC (‘Silver Lake ’, USA) and Battery Management Corp. (‘BV ’, USA)  
acquire within the meaning of Article 3(1)(b)  and Article 3(4) of the Merger 
Regulation j oint control over the whole of Clube ssential Holdings, LLC 
(‘Clubessential’, USA) , which is currently solely controlled by BV, by way of 
purchase of shares .3 
2. The business activities of the undertakings concerned are:  
− For Silver Lake: a global investment firm focused on technology, technology-
enabled and related growth industries,  
                                                 
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 402, 05.10.2021, p.9.  

2 − for BV: a global, technology-focused investment firm, with a core focus on 
application software, IT infrastructure, consumer internet/mobile and industrial 
technology, as well as technology supported services, and 
− for Clubessential: a provider of a full suite of membership and club management 
Software as a Service solutions to private clubs, health & fitness clubs, college 
athletic program s, and parks and recreation entities . 
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 ) and 5(c ) of the Commission Notice on a simp lified 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 Agreement . 
For the Commission  
  
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.