CELEX: 32021M10418
Language: en
Date: 2021-11-03 00:00:00
Title: Commission Decision of 03/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10418 - EFMS / GOLDMAN SACHS / PAREXEL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 3.11.2021
                                                                 C(2021) 7970 final
                                                                                 PUBLIC VERSION
                                                                 EQT Fund Management S.à r.l.
                                                                 26A, Boulevard Royal
                                                                 2449 Luxembourg
                                                                 Luxembourg
                                                                 The Goldman Sachs Group, Inc.
                                                                 200 West Street
                                                                 10282 New York
                                                                 United States of America
Subject:        Case M.10418 – EFMS / GOLDMAN SACHS / PAREXEL
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 5 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which EQT Fund
        Management S.à r.l. (“EFMS”, Luxembourg), controlled by EQT AB (Sweden) and
        The Goldman Sachs Group Inc. (“Goldman Sachs”, USA) acquire within the meaning
        of Article 3(1)(b) of the Merger Regulation joint control of the whole of Parexel
        International Corporation (“Parexel”, USA), currently ultimately controlled by funds
        advised by Pamplona Investment Partners, L.P.3
2.      The business activities of the undertakings concerned are:
             EFMS is an investment fund manager that seeks to make investments primarily in
              Europe, with a focus on Northern Europe, in a variety of industries and sectors,
             Goldman Sachs is a global investment banking, securities and investment
              management firm,
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 417, 14.10.2021, p. 30.
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---        Parexel carries out biopharmaceutical outsourcing services providing a
        comprehensive suite of Phase I to IV solutions to the world’s biopharmaceutical
        companies.
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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