CELEX: 32020M9774
Language: en
Date: 2020-04-30 00:00:00
Title: Commission Decision of 30/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9774 - BAIN CAPITAL INVESTORS / NEUBERGER BERMAN / ENGINEERING INGEGNERIA INFORMATICA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 30.04.2020
                                                                C(2020) 2933 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9774 – BAIN CAPITAL INVESTORS / NEUBERGER BERMAN /
                ENGINEERING INGEGNERIA INFORMATICA
                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 2 April 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Bain Capital
        Investors, LLC (“Bain”, USA), and NB Renaissance Partners Holdings S.à.r.l.
        (belonging to the Neuberger Berman Group, “NB”, USA), acquire within the meaning
        of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of
        the undertaking Engineering Ingegneria Informatica S.p.A. ("Ingegneria", Italy) by
        way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Bain: private equity investments in companies across a number of industries,
              including information technology, healthcare, retail and consumer products, and
              communications, financial and industrial/manufacturing.
             for NB: management of equity, fixed income, private equity and hedge fund
              portfolios.
             for Ingegneria: provision of IT outsourcing services, mainly in Italy.
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 119, 14.4.2020, p. 13.
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--- 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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