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, 30.9.2021 
C(2021)  7247 final  
PUBLIC VERSION  
The Goldman Sachs Group, Inc.  
200 West Street,  
NY 10282 – New York  
United States of America  
 
Charlesbank Capital Partners, LLC   
200 Clarendon Street, 54th Floor  
MA 02116 – Boston  
United States of America  
Subject : Case M. 10469 –  GS / CHARLESBANK / MDVIP  
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 2 September 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation by which Goldman 
Sachs Group Inc . (‘GS’, United States) and Charlesbank Capital Partners, LLC  
(‘Charlesbank’, United S tates)  acquire within the meaning of Article 3(1)(b) of the 
Merger Regulation  joint control of the whole of MDVIP, Inc. (‘MDVIP’, United 
States) by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
− for G S: a global investment banking, securities and investment management firm 
that provides a range of services worldwide to corporations, financial institutions, 
governments and high- net-worth individuals. GS’ global activities are generally 
divided into four segments: ( i) global markets/fixed income, currencies, and 
commodities, (ii) investment banking, (iii) asset management, and (iv) consumer 
and wealth managemen t, 
                                                 
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 ‘Un ion ’ 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 365, 10.9. 2021 , p.11. 

2 − for Charlesbank: a private equity firm with portfolio companies active in business 
services, consumer, he althcare, industrial, technology and technology 
infrastructure, primarily in North America ,  
− for MDVIP: operation of a network of physicians in the US who provide 
membership based primary care services to patients, focusing on delivering 
personalised medic ine, patient -centered and preventive care.  
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(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 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.