CELEX: 32022M10570
Language: en
Date: 2022-02-24 00:00:00
Title: Commission Decision of 24/02/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10570 - ADVENT / PERMIRA / MCAFEE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 24.02.2022
                                                                 C(2022) 1294 final
                                                                                 PUBLIC VERSION
                                                                 Permira Holdings Limited
                                                                 320 Park Avenue, 28th Floor
                                                                 New York NY 10022
                                                                 United States of America
                                                                 Advent International Corporation
                                                                 Prudential Tower, 800 Boylston Street,
                                                                 Suite 3300
                                                                 MA 02199- Boston
                                                                 United States of America
Subject:         Case M.10570 - ADVENT / PERMIRA / MCAFEE
                 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 31 January 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Advent
        International Corporation (“Advent”, US) and Permira Holdings Limited (“Permira”,
        UK), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation
        joint control over the whole of McAfee Corp. (“McAfee”, US) by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
             for Advent: acquisition of equity stakes and management of investment funds in
              various sectors, including healthcare, industrial, technology, retail, consumer and
              leisure, and business and financial services,
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 66, 08.02.2022, p. 63.
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 Permira: provision of investment management services to a number of
        investment funds. Permira controls a number of portfolio companies which are
        active in a variety of sectors across a range of jurisdictions,
       for McAfee: provision of advanced security solutions to consumers. McAfee is
        active in the design and development of security products and services focused in
        particular on ensuring that internet connected devices are protected from
        malicious content.
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(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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