CELEX: 32021M10303
Language: en
Date: 2021-07-12 00:00:00
Title: Commission Decision of 12/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10303 - ASTORG / BRIDGEPOINT / FENERGO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 12.7.2021
                                                                C(2021) 5297 final
                                                                                 PUBLIC VERSION
                                                                Astorg Asset Management S.à r.l.
                                                                2 rue Albert Borschette
                                                                L-1246 Luxembourg
                                                                Luxembourg
                                                                Bridgepoint Advisers Limited
                                                                95 Wigmore Street
                                                                W1U 1FB London
                                                                United Kingdom
Subject:        Case M.10303 – ASTORG / BRIDGEPOINT / FENERGO
                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 7 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Astorg VII
        SCSp (represented by Astorg Asset Management S. à r. l.) and the other affiliates of
        the Astorg group (together ‘Astorg’, Luxembourg) and Bridgepoint Europe VI Fund
        (‘Bridgepoint’, United Kingdom) acquire within the meaning of Articles 3(1)(b) and
        3(4) of the Merger Regulation joint control of the whole of Fenergo Group Limited
        (‘Fenergo’, Ireland), by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Astorg: partnerships with entrepreneurial management teams for the acquisition
              of global companies and the creation of value through the provision of strategic
              guidance, experienced governance and adequate capital,
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 226, 14.6.2021, p. 10.
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---        Bridgepoint: investments in established Europe-focused middle market businesses
        in a broad range of sectors, including consumer/retail, business services,
        industrials, financial services, healthcare, media and technology,
       Fenergo: the provision of a host of software solutions that streamline the end-to-
        end client lifecycle management processes, aimed specifically at helping banks
        and financial institutions operate effectively.
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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