Prior notification of a concentration Case M.10979 – PROVIDENCE EQUITY PARTNERS / ROTHSCHILD & CO / A2MAC1 Candidate case for simplified procedure (Text with EEA relevance) 2022/C 464/12
Date: 2022-12-06
Institutions: Directorate-General for Competition, European Commission
Subjects: bank, consultancy, economic concentration, financial services, investment company, merger control, software








C_2022464EN.01001401.xml










6.12.2022   


EN


Official Journal of the European Union


C 464/14






Prior notification of a concentration
Case M.10979 – PROVIDENCE EQUITY PARTNERS / ROTHSCHILD & CO / A2MAC1
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 464/12)

1.   
On 29 November 2022, 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:






—


Providence Equity Partners, LLC (‘Providence’, USA),










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Rothschild & Co (‘Rothschild’, France),










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Financière Hary SAS (together with its subsidiaries, ‘A2Mac1’, France), currently controlled by Rothschild via Five Arrows Principal Investments funds (‘Five Arrows’, France).




Rothschild and Providence will indirectly acquire joint control of A2Mac1 within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation.
The concentration is accomplished by way of purchase of shares.


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






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Providence is a private equity firm specialising in investing in the media, communications, education, software and information services industries across North America and Europe,










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Rothschild is an investment bank and financial services company which offers services in the areas of financial advisory, private banking and asset management, and private equity and private debt. Five Arrows is the European corporate private equity business of Rothschild,










—


A2Mac1 is a B2B database company providing engineering and technical benchmarking services, mostly to the automotive industry.






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 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.10979 – PROVIDENCE EQUITY PARTNERS / ROTHSCHILD & CO / A2MAC1
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.