CELEX: 32021M10128
Language: en
Date: 2021-02-19 00:00:00
Title: Commission Decision of 19/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10128 - STIRLING SQUARE CAPITAL PARTNERS / TA ASSOCIATES / GLENIGAN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 19.02.2021
                                                                C(2021) 1259 final
                                                                                 PUBLIC VERSION
                                                                Stirling Square Capital Partners Jersey
                                                                AIFM Limited
                                                                11-15 Seaton Place
                                                                JE4 0QH St. Helier, Jersey
                                                                Channel Islands
                                                                TA Associates, L.P.
                                                                56th Floor, 200 Clarendon Street
                                                                MA 02116 Boston
                                                                United States of America
Subject:        Case M.10128 — Stirling Square Capital Partners/TA Associates/Glenigan
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 28 January 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Stirling Square
        Capital Partners Jersey AIFM Limited (“SSCP Funds”, UK), and TA Associates, L.P.
        (“TA Associates”, USA), acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation joint control over the whole of the undertaking Glenigan Limited
        (“Glenigan”, UK) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for SSCP Funds: investment fund that seeks to make, hold, monitor and realise
              controlling investments, principally unquoted equity and equity-linked
              instruments via management buy-outs, management buy-ins, growth capital and
              other private equity transactions throughout Europe,
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 (‘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 39, 04.02.2021, p. 24.
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 TA Associates: private equity firm focused on targeted sectors within
        technology, healthcare, financial services, consumer, and business services,
   −    for Glenigan: supplying market data and intelligence software and services to
        companies in the construction industry, including in relation to office relocation
        and refurbishment in relation to project information and contact data, primarily in
        the UK.
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
   paragraph 5(b) 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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