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,  5.8.2022  
C(2022 ) 5802 final  
PUBLIC VERSION  
Madison Dearborn Partners, LLC  
70 West Madison Street, Suite 4600  
IL 60602 , Chicago  
United States  
 
HPS Investment Partners, LLC  
33rd Floor, 40 West 57th Street  
10019 , New York  
United States  
Subject : Case M.10805  – MDP / HPS / PREMFINA / iGO4  
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 12 July 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of Counc il Regulation (EC) No 139/2004 , by 
which Madison Dearborn Partners, LLC (“ MDP”, United States)  and HPS Investment 
Partners, LLC (“HPS”, United States)  will acquire within the meaning of Article 
3(1)(b) and 3(4) of the Merger Regulation joint control of Premfina Limited  
(“Premfina”, United Kingdom), and i GO 4 Ltd. (“iGO4”, Un ited Kingdom),  by way 
of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 MDP  is a US -based private equity investment firm, mainly active in the following 
sectors:  Basic Industries, Business & Government Software and Services, 
Financial & Transaction Services, Health Care, and Telecom, Media & 
Technology , 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Funct ioning 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 278, 20.7.2022, p. 6. 

2  HPS is a US -based investment firm active in  syndicated leveraged loans and high 
yield bonds , privately negotiate d senior secured debt and mezzanine investments, 
asset -based leasing and private equity , 
 Premfina provides premium financing as lender of record, and white label 
insurance software solutions to insurance brokers in the United Kingdom , 
 iGO4 provides car ins urance and telematics insurance products to consumers in 
the United Kingdom.  
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) 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 .