CELEX: 32020M9881
Language: en
Date: 2020-08-18 00:00:00
Title: Commission Decision of 18/08/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9881 - CHARLESBANK / TA / VISTA / APTEAN / YALETOWN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 18.08.2020
                                                                C(2020) 5766 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9881 – CHARLESBANK / TA / VISTA / APTEAN / YALETOWN
                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 27.07.2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Charlesbank
        Capital Partners, LLC (“Charlesbank”) (United States), TA Associates Management,
        L.P. (“TA”) (United States), and Vista Equity Partners Management, LLC (“Vista”)
        (United States), aquire within the meaning of Article 3(1)(b) and 3(4) of the Merger
        Regulation joint control over the whole of the undertaking Aptean Acquiror Inc.
        (“Aptean”) (United States) and Yaletown Acquiror (UK) Ltd (“Yaletown”) (United
        Kingdom) (together “Target”) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Charlesbank: private equity investment firm focusing on management-led
              buyouts and growth capital financings and engages in opportunistic credit and
              technology investments. It typically invests in companies in the technology,
              education, financial services, industrial, consumer, energy, and healthcare sectors.
             for TA: private equity firm focused on targeted sectors within five industries:
              technology, healthcare, financial services, consumer and business services.
             for Vista: investment firm that is focused on empowering and growing enterprise
              software, data and technology-enabled businesses.
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 254, 03.08.2020, p. 4.
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 Target: provides software that enables customers to enhance their internal
        workflows, including enterprise resource planning, supply chain management and
        compliance solutions.
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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