Prior notification of a concentration (Case M.11466 – TA ASSOCIATES / SSCP / MACQUARIE / BYGGFAKTA GROUP) – Candidate case for simplified procedure
Date: 2024-03-08
Institutions: Directorate-General for Competition, European Commission
Subjects: building industry, data processing, economic concentration, health care, investment company, market research, merger control, property market, provision of services, software








C_202402090EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/2090


8.3.2024






Prior notification of a concentration
(Case M.11466 – TA ASSOCIATES / SSCP / MACQUARIE / BYGGFAKTA GROUP)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/2090)


1.   
On 1 March 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:






—


TA Associates (USA),










—


Stirling Square Capital Partners (‘SSCP’, UK),










—


Macquarie European Investment Holdings Limited (‘MEIHL’), belonging to Macquarie Group Limited (‘Macquarie’, Australia),










—


Byggfakta Group Nordic Holdco AB (‘Byggfakta’, Sweden).




TA Associates, SSCP and MEIHL will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Byggfakta.
The concentration is accomplished by way of public bid announced on 5 January 2024.


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






—


TA Associates is a global private equity firm with portfolio companies active in selected industries, including business services, consumer, financial services, healthcare and technologies.










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SSCP is a private equity firm with portfolio companies active across a variety of industries, including technology, infrastructure, education and consumer services, focused primarily across Europe.










—


MEIHL is fully owned by Macquarie, which is a global provider of asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment services.










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Byggfakta supplies an integrated data and software platform that provides market data and market intelligence services to companies in the construction, property and healthcare industries.






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 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.


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.11466 – TA ASSOCIATES / SSCP / MACQUARIE / BYGGFAKTA GROUP
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/2024/2090/oj
ISSN 1977-091X (electronic edition)