Prior notification of a concentration (Case M.11127 - TA / ANACAP / MANAGERS 2 / MRH TROWE) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 182/03
Date: 2023-05-24
Institutions: Directorate-General for Competition, European Commission
Subjects: consultancy, economic concentration, financial services, health care, insurance occupation, investment company, merger control, service, software, technology








C_2023182EN.01000301.xml










24.5.2023   


EN


Official Journal of the European Union


C 182/3






Prior notification of a concentration
(Case M.11127 - TA / ANACAP / MANAGERS 2 / MRH TROWE)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 182/03)

1.   
On 15 May 2023, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004.
This notification concerns the following undertakings:






—


TA Associates Management LP (‘TA’, USA),










—


AnaCap Financial Partners Limited (‘AnaCap’, UK),










—


The respective financial holding companies of Lars Mesterheide, Michael Hirz, Ralph Rockel, Maximilian Claus Trowe and the founder of a business recently acquired by MRH Trowe Germany GmbH, Matthias Edelmann (‘Managers 2’, Germany),










—


MRH Trowe Germany GmbH (‘MRH Trowe’, Germany).




TA, AnaCap and Managers 2 will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of MRH Trowe.
The concentration is accomplished by way of purchase of shares.


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






—


TA is a private equity firm focused on sectors within technology, healthcare, financial services, consumer and business services in North America, Europe and Asia,










—


AnaCap is a mid-market private equity investor, focused on investments in software, technology and services within the European financial ecosystem,










—


Managers 2 perform no economic activity other than holding shares for the purposes of financial investment, and do not control any other undertakings,










—


MRH Trowe’s activities are predominantly connected to insurance brokerage, risk consulting and risk assessment for private and business clients. It is also active to a small extent in the field of pension and employee benefits solutions, including brokerage and consulting services as well as pension plan administration.






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 (1) 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.11127 - TA / ANACAP / MANAGERS 2 / MRH TROWE
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ C 366, 14.12.2013, p. 5.