CELEX: 32019M9577
Language: en
Date: 2019-10-16 00:00:00
Title: Commission Decision of 16/10/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9577 - GENSTAR / OAK HILL CAPITAL / MERCER ADV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 16.10.2019
                                                                C(2019) 7514 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9577 - GENSTAR/OAK HILL CAPITAL/MERCER ADV
                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 24 September 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Genstar
        Capital Partners, LLC (“Genstar”, United States) and Oak Hill Capital Management,
        LLC (“Oak Hill”, United States) acquire within the meaning of Article 3(1)(b) and
        and 3(4) of the Merger Regulation joint control of the whole of Mercer Advisors Inc.
        (“Mercer”, United States) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Genstar: private equity firm based in San Francisco, California, specializing in
              investments in middle market companies in financial services, healthcare,
              industrial technology and software industries;
             for Oak Hill: private equity firm headquartered in New York City;
             for Mercer: independent wealth management firm. It primarily services the mass-
              affluent and high-net-worth client and offers comprehensive wealth management
              solutions, including: financial planning, investment management, tax
              management, retirement income and benefits planning, and estate planning.
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
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 329, 01.10.2019, p. 6.
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---    paragraph 5(a) 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)
                                                  Cecilio MADERO VILLAREJO
                                                  Acting Director-General
4  OJ C 366, 14.12.2013, p. 5.
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