CELEX: 32021M10245
Language: en
Date: 2021-05-21 00:00:00
Title: Commission Decision of 21/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10245 - TA ASSOCIATES / PARTNERS GROUP / UNIT4) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 21.5.2021
                                                                C(2021) 3807 final
                                                                                 PUBLIC VERSION
                                                                TA Associates Management, L.P.
                                                                56th Floor, 200 Clarendon Street,
                                                                Boston, MA 02116
                                                                United States of America
                                                                Partners Group AG
                                                                Zugerstrasse 57
                                                                Baar, 6341
                                                                Switzerland
Subject:        Case M.10245 – TA ASSOCIATES / PARTNERS GROUP / UNIT4
                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 23 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which TA Associates
        Management L.P. (“TA Associates”, United States of America) and Partners Group
        AG (“Partners Group”, Switzerland) acquire within the meaning of Articles 3(1)(b)
        and 3(4) of the Merger Regulation joint control over the whole of the undertaking
        Unit4 NV (“Unit4”, The Netherlands) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for TA Associates: private equity investments in five core sectors, namely the
                 technology, financial services, healthcare, consumer, and business services
                 industries in North America, Europe and Asia,
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 154, 30.4.2021, p. 20.
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 Partners Group: global private markets investment management in the
           areas of private equity, private real estate, private infrastructure and private
           debt in companies in various industries,
        for Unit4: business software and IT services, focusing on the provision of
           enterprise resource planning (“ERP”) software 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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