CELEX: 32021M10383
Language: en
Date: 2021-08-18 00:00:00
Title: Commission Decision of 18/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10383 - BLACKSTONE / VISTA / ELLUCIAN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 18.08.2021
                                                                 C(2021) 6191 final
                                                                                 PUBLIC VERSION
                                                                 The Blackstone Group Inc.
                                                                 345 Park Avenue
                                                                 NY 10154 – New York
                                                                 United States of America
                                                                 Vista Equity Partners Management,
                                                                 LLC
                                                                 4 Embarcadero Center, 20th Floor
                                                                 CA 94111 - San Francisco
                                                                 United States of America
Subject:        Case M.10383 -BLACKSTONE / VISTA / ELLUCIAN
                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 27 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Blackstone
        Group Inc (“Blackstone”, USA), and Vista Equity Partners Management LLC
        (“Vista”, USA), acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation joint control of the whole Ellucian Company L.P. (“Ellucian”, USA) by
        way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Blackstone: global alternative asset manager,
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 313,05.08.2021, p.14.
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 Vista: private investment firm that manages a number of portfolio companies
        active in the provision of IT services, focused on empowering and growing
        enterprise software, data and technology-enabled businesses,
       for Ellucian: provider of software and cloud services to higher education
        institutions, such as enterprise resource planning software, student information
        systems, constituent relationship management software and analytics. Ellucian is
        currently controlled by TPG Capital (USA).
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(a) 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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