CELEX: 32022M10587
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.10587 - BLACKSTONE / WARBURG PINCUS / INTRAFI GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 7.2.2022
                                                                C(2022) 838 final
                                                                                 PUBLIC VERSION
                                                                Blackstone Inc.
                                                                345 Park Avenue
                                                                NY-10154 New York
                                                                United States of America
                                                                Warburg Pincus LLC
                                                                450 Lexington Avenue
                                                                NY-10017 New York
                                                                United States of America
Subject:        Case M.10587 – BLACKSTONE / WARBURG PINCUS / INTRAFI
                GROUP
                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 14 January 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Blackstone
        Inc. (US, ‘Blackstone’), and Warburg Pincus LLC (US, ‘Warburg Pincus’), acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control
        over Nexus Parent LLC (US, ‘IntraFi Group’), controlled by Blackstone, by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for Blackstone: a global asset manager. It is headquartered in the United States
              and has offices in Europe and Asia. Blackstone is listed on the New York Stock
              Exchange,
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, 21.01.2022, 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 Warburg Pincus: a New York limited liability company and the manager of
       the Warburg Pincus private equity funds. It is a global private equity firm
       headquartered in New York,
   −   for IntraFi Group: a financial technology solutions provider that offers deposit
       placement and wholesale funding services to financial institutions.
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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