Prior notification of a concentration (Case M.11425 – CVC / KEENSIGHT CAPITAL / SOGELINK) – Candidate case for simplified procedure
Date: 2024-01-30
Institutions: Directorate-General for Competition, European Commission
Subjects: Europe, consultancy, economic concentration, health care, investment company, merger control, technology








C_202401210EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1210


30.1.2024






Prior notification of a concentration
(Case M.11425 – CVC / KEENSIGHT CAPITAL / SOGELINK)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/1210)


1.   
On 22 January 2024, 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:






—


CVC Capital Partners SICAV- FIS S.A. (‘CVC’), Luxembourg










—


Keensight Capital SAS (‘Keensight Capital’), France










—


Geo2link Group SAS (‘Sogelink’), France




CVC and Keensight Capital will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Sogelink, which is currently under the sole control of Keensight Capital.






 


The concentration is accomplished by way of purchase of shares.






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






—


CVC provides advice to and manages investment funds with interests in a number of companies active in a variety of industries around the world, primarily in Europe, the US and the Asia-Pacific Region.










—


Keensight Capital is is a French European Growth Buyout investor with a focus on technology and healthcare. Keensight Capital collaborates with the management teams of fast growing and profitable companies providing capital, strategic guidance and operational support.






3.   

The business activities of Sogelink are the following: Sogelink is a French software, cloud and mobile solutions provider for construction and property management professionals.



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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (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:
Case M.11425 – CVC / KEENSIGHT CAPITAL / SOGELINK
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 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/2024/1210/oj
ISSN 1977-091X (electronic edition)