Prior notification of a concentration (Case M.11838 – GA / TA / TSYL TOPCO) – Candidate case for simplified procedure
Date: 2025-02-27
Institutions: Directorate-General for Competition, European Commission
Subjects: consultancy, economic concentration, fire, investment company, merger control, meteorology, natural disaster, software








C_202501470EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/1470


27.2.2025






Prior notification of a concentration
(Case M.11838 – GA / TA / TSYL TOPCO)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/1470)


1.   
On 14 February 2025, 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:






—


General Atlantic (TSV), L.P. (‘GA’, United States), ultimately controlled by General Atlantic Service Company, LP (United States) (GA, together with its affiliated investment funds, ‘GA group’),










—


TA Associates Management, L.P. (‘TA’, United States), ultimately controlled by TA Associates. L.P. (United States),










—


TSYL Topco, L.P. (‘TSYL Topco’ or ‘the Target’, United States), currently solely controlled by TA.




GA and TA will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of TSYL Topco.
The concentration is accomplished by way of purchase of shares.


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






—


GA is part of the GA group, a global growth investor providing capital and strategic support, which is active in 20 countries across five regions.










—


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






3.   

The business activities of the Target are the following: TSYL Topco is a software company offering risk and incident report products related to catastrophic events such as flood and wildfire risk modelling or wildfire weather forecast products. It operates under different brands, namely Technosylva, KatRisk, Heartland Software Solutions, and Atmospheric Data Solutions.



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:
M.11838 – GA / TA / TSYL TOPCO
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/2025/1470/oj
ISSN 1977-091X (electronic edition)