Prior notification of a concentration (Case M.9334 — GTCR/Apax Partners/Dolphin TopCo) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-03-20
Institutions: European Commission
Subjects: economic concentration, financial services, health care, insurance, investment company, merger control, provision of services, technology, telecommunications








C_2019106EN.01002601.xml










20.3.2019   


EN


Official Journal of the European Union


C 106/26






Prior notification of a concentration
(Case M.9334 — GTCR/Apax Partners/Dolphin TopCo)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 106/05)

1.   
On 13 March 2019, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


GTCR LLC (‘GTCR’, USA),










—


Apax Partners LLP (‘AP’, United-Kingdom),










—


Dolphin TopCo Inc. (‘Dolphin’, USA), controlled by AP, and indirect sole shareholder of AssuredPartners Inc.




GTCR and AP acquire within the meaning of Article 3(1)(b) of the Merger Regulation, joint control of Dolphin.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


GTCR is a private equity firm focused on investing in companies in the financial services and technology, healthcare, technology, media and telecommunications and growth business services industries,










—


AP is a private equity firm investing and providing investment advisory services to private equity funds in consumer, healthcare, services, telecommunication, and technology sectors,










—


Dolphin is the indirect sole shareholder of the operating subsidiary AssuredPartners Inc.
AssuredPartners Inc. is a US-based provider of non-life insurance brokerage services, specialised in the distribution of non-life insurance and insurance related to employee benefits.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.9334 — GTCR/Apax Partners/Dolphin TopCo
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal address:




European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.