Prior notification of a concentration (Case M.9881 – Charlesbank/TA/Vista/Aptean/Yaletown) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 254/04
Date: 2020-08-03
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, information technology industry, investment company, merger control








C_2020254EN.01000401.xml










3.8.2020   


EN


Official Journal of the European Union


C 254/4






Prior notification of a concentration
(Case M.9881 – Charlesbank/TA/Vista/Aptean/Yaletown)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 254/04)

1.   
On 27 July 2020, 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:






—


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










—


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










—


Vista Equity Partners Management, LLC (‘Vista’) (United States),










—


Aptean Acquiror Inc. (‘Aptean’) (United States) and Yaletown Acquiror (UK) Ltd (‘Yaletown’) (United Kingdom) (together ‘Target’).




Charlesbank, TA and Vista acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Target.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for Charlesbank: private equity investment firm focusing on management-led buyouts and growth capital financings and engages in opportunistic credit and technology investments. It typically invests in companies in the technology, education, financial services, industrial, consumer, energy, and healthcare sectors,










—


for TA: private equity firm focused on targeted sectors within five industries: technology, healthcare, financial services, consumer and business services,










—


for Vista: investment firm that is focused on empowering and growing enterprise software, data and technology-enabled businesses,










—


for Target: provides software that enables customers to enhance their internal workflows, including enterprise resource planning, supply chain management and compliance solutions.






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.9881 – Charlesbank/TA/Vista/Aptean/Yaletown
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
E-mail: 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.