CELEX: 32022M10599
Language: en
Date: 2022-02-07 00:00:00
Title: Commission Decision of 07/02/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10599 - CLEARLAKE CAPITAL GROUP / STG PARTNERS / DODGE CONSTRUCTION NETWORK) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 7.2.2022
                                                                 C(2022) 834 final
                                                                                 PUBLIC VERSION
                                                                 Clearlake Capital Group, L.P.
                                                                 233 Wilshire Blvd, Suite 800
                                                                 Santa Monica, CA 90401-1207,
                                                                 United States of America
                                                                 STG Partners, LLC
                                                                 1300 El Camino Real, Suite 300,
                                                                 Menlo Park, CA 94025
                                                                 United States of America
Subject:        Case M.10599 – CLEARLAKE CAPITAL GROUP / STG PARTNERS /
                DODGE CONSTRUCTION NETWORK
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 14 January 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Clearlake
        Capital Group, L.P. (“Clearlake”, United States of America) and STG Partners, LLC
        (“STG”, United States of America) intend to acquire, within the meaning of Articles
        3(1)(b) and 3(4) of the Merger Regulation, joint control of Dodge Construction
        Network Holdings, L.P. (“Dodge”, United States of America), controlled by STG. The
        concentration is accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for Clearlake: private equity investment, with portfolio companies active in
                 software and technology-enabled services, energy and industrials, and consumer
                 services,
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 31, 21.1.2022, p. 12.
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 STG: private equity investment, with portfolio companies active in software,
           data and analytics,
        for Dodge: provider of data, analytics, news, and intelligence serving the North
           American commercial construction industry.
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(b) 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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