CELEX: 32021M10337
Language: en
Date: 2021-08-04 00:00:00
Title: Commission Decision of 04/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10337 - BC PARTNERS / VISTA EQUITY PARTNERS / EAB GLOBAL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 4.8.2021
                                                                 C(2021) 5943 final
                                                                                 PUBLIC VERSION
                                                                 BC Partners LLP
                                                                 40 Portman Square
                                                                 London W1H 6DA
                                                                 United Kingdom
                                                                 Vista Equity Partners Management,
                                                                 LLC
                                                                 4 Embarcadero Center, 20th Floor
                                                                 San Francisco, CA 94111
                                                                 United States of America
Subject:        Case M.10337 – BC PARTNERS / VISTA EQUITY PARTNERS / EAB
                GLOBAL
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 9 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which BC Partners
        (‘BC Partners’, United Kingdom) and Vista Equity Partners Management, LLC
        (‘Vista’, United States of America) intend to acquire, within the meaning of Articles
        3(1)(b) and 3(4) of the Merger Regulation, joint control of the whole of EAB Global,
        Inc. (‘EAB Global’, United States of America), which is currently solely controlled by
        funds managed by Vista. The concentration is accomplished by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
              for BC Partners: international investment firm providing advisory services to
                 financial investors,
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (the ‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 284, 16.7.2021, p. 16.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---         for Vista: investment firm focused         on enterprise software,  data and
           technology-enabled businesses,
        for EAB Global: company providing best practices research, student success
           management software and data-enabled enrolment solutions to the not-for-
           profit higher education and K-12 markets.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraphs 5(a) and 5(c) of the Commission Notice on a simplified procedure for
   treatment of certain concentrations under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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