Prior notification of a concentration (Case M.11259 – TPG / FRANCISCO PARTNERS / NEW RELIC) – Candidate case for simplified procedure
Date: 2023-10-10
Institutions: Directorate-General for Competition, European Commission
Subjects: consultancy, economic concentration, investment company, merger control, software, technology








C_202300172EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/172


10.10.2023






Prior notification of a concentration
(Case M.11259 – TPG / FRANCISCO PARTNERS / NEW RELIC)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2023/172)


1.   
On 29 September 2023, 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:






—


TPG Inc. (‘TPG’, United States),










—


Francisco Partners Management, L.P. (‘Francisco Partners’, United States),










—


New Relic, Inc. (‘New Relic’, United States).




TPG and Francisco Partners will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of New Relic.
The concentration is accomplished by way of purchase of shares.


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






—


TPG is a global alternative asset management firm that invests in a variety of companies,










—


Francisco Partners is a global investment firm that specialises in partnering with technology and technology-enabled businesses.






3.   

The business activities of the undertaking New Relic are the following: providing IT operations management services in the health and performance analysis segment, that offer customers the data and tools to monitor, debug, and improve the performance and reliability of their digital infrastructure, as well as users’ digital experience.



4.   
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.


5.   
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.11259 – TPG / FRANCISCO PARTNERS / NEW RELIC
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: mailto:COMP-MERGER-REGISTRY@ec.europa.eu
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 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2023/172/oj
ISSN 1977-091X (electronic edition)