Prior notification of a concentration (Case M.9425 — Genstar Capital Partners/TA Associates/Insightsoftware Business) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-07-12
Institutions: European Commission
Subjects: economic concentration, financial accounting, investment company, merger control, software








C_2019235EN.01000601.xml










12.7.2019   


EN


Official Journal of the European Union


C 235/6






Prior notification of a concentration
(Case M.9425 — Genstar Capital Partners/TA Associates/Insightsoftware Business)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 235/05)

1.   
On 5 July 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:






—


Genstar Capital Partners, LLC (‘Genstar’, United States),










—


TA Associates L.P. (‘TA Associates’, United States),










—


GS Topco LP (‘Insightsoftware’, United States).




Genstar and TA Associates acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of the whole of Insightsoftware.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   for Genstar: investment fund focused on leveraged buyout transactions in middlemarket companies in the United States. Genstar invests primarily in the financial services, healthcare, industrial technology, and software sectors,
—   for TA Associates: private equity group based in the United States and active in North America, Europe and Asia. TA Associates undertakes buyouts and minority recapitalisations of profitable growth companies,
—   for Insightsoftware: financial reporting and enterprise performance software solutions to increase the efficiency of financial operations. Insightsoftware is controlled by TA Associates.


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.9425 — Genstar Capital Partners/TA Associates/Insightsoftware Business
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.