CELEX: 32016M7967
Language: en
Date: 2016-03-23 00:00:00
Title: Commission Decision of 23/03/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.7967 - APAX PARTNERS / NEUBERGER BERMAN / ENGINEERING) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 23.3.2016
                                        C(2016) 1925 final

                                        [pic]

|                                                                       |To the notifying parties:                                              |

Dear Sirs,

Subject:    Case M.7967 - APAX PARTNERS / NEUBERGER BERMAN / ENGINEERING
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 29 February 2016, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertakings Apax Partners LLP ("Apax Partners", UK) and NBSH Acquisition, LLC  ("Neuberger  Berman",  USA)  acquire
    within the meaning of Article 3(1)(b) of the Merger Regulation joint  control  of  the  whole  of  the  undertaking  Engineering  Ingegneria
    Informatica S.P.A. ("Engineering", Italy) by way of public bid announced on 8 February 2016.[3]

 2. The business activities of the undertakings concerned are:

      – for Apax Partners: private equity investment and advisory company;

      – for Neuberger Berman: private equity and hedge fund portfolios management company;

      – for Engineering: provision of IT services to several industries mainly in Italy.

 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)
                                        Johannes LAITENBERGER
                                        Director-General

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[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 91, 08.03.2016, p. 10.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE