CELEX: 32016M8064
Language: en
Date: 2016-06-20 00:00:00
Title: Commission Decision of 20/06/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8064 - BAIN CAPITAL / VISTA / VERTAFORE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 20.06.2016
                                        C(2016) 3935 final

                                        [pic]

                                        To the notifying parties:

Dear Sirs,

Subject:    Case M.8064 - BAIN CAPITAL / VISTA / VERTAFORE
         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 27 May 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which the undertakings Bain Capital Apax Partners LP ("Bain", United States of America) and Vista Equity Partners Management  LLC  ("Vista",
    United States of America) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control  of  Vertafore  ("Vertafore",
    USA), by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

  – for Bain: private equity firm managing private equity funds;

  – for Vista: private equity firm managing private equity funds;

  – for Vertafore: provider of software solutions for the insurance sector.

 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 (b) 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)
                                        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 197, 03.06.2016, p. 6.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE