CELEX: 32021M10140
Language: en
Date: 2021-02-23 00:00:00
Title: Commission Decision of 23/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10140 - EFMS / VFMF / FOCUSVISION / CONFIRMIT/ DAPRESY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.2.2021
                                                                C(2021) 1382 final
                                                                                 PUBLIC VERSION
                                                                EQT Fund Management s.à r.l.
                                                                26a, Boulevard Royal
                                                                l-2449– Luxembourg
                                                                Luxembourg
                                                                Verdane Fund Manager Future AB
                                                                Birger Jarlsgatan 41a
                                                                111 45– Stockholm
                                                                Sweden
Subject:        Case M.10140 – EFMS / VFMF / FOCUSVISION / CONFIRMIT /
                DAPRESY
                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 1 February 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which EQT Fund
        Management S.à r.l. (“EFMS”, Luxembourg) and Verdane Fund Manager Future AB
        (“VFMF”, Sweden) acquire within the meaning of Articles 3(1)(b) and 3(4) of the
        Merger Regulation joint control over the whole of Confirmit AS (“Confirmit”,
        Norway) and Dapresy AB (“Dapresy”, Sweden), both currently controlled by VFMF,
        as well as over FocusVision Worldwide, Inc. (“FocusVision”, United States of
        America), currently controlled by EFMS, by way of purchase of shares in a newly
        created company constituting a joint venture.3
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 46, 9.2.2021, p. 5.
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--- 2. The business activities of the undertakings concerned are:
       − for EFMS: an investment fund manager, controlled by EQT AB, headquartered
           in Sweden. EFMS controls EQT Mid Market US, an investment fund focusing
           on middle market companies in North America;
       − for VFMF: an investment fund manager of certain Verdane funds, ultimately
           owned by Verdane Advisors Holding AS, headquartered in Sweden. The
           Verdane funds invest in companies active in the consumer internet, software,
           energy and advanced industrial sectors, with a focus on the Nordic countries;
       − for Confirmit: a global vendor for multi-channel customer experience,
           employee engagement, and market research solutions. It also develops a suite
           of software tools for market research agencies and in-house research teams of
           corporate clients. Confirmit is currently controlled by Verdane funds managed
           by VFMF;
       − for Dapresy: a provider of enterprise application software, more specifically
           survey software. It has a global expertise in the market research sector and
           provision of a unified platform to market research customers. Dapresy is
           currently part of the Confirmit group;
       − for FocusVision: a provider of technology solutions to the market research
           industry. Focusvision is indirectly controlled by EQT Mid Market US.
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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