CELEX: 32016M8038
Language: en
Date: 2016-06-03 00:00:00
Title: Commission Decision of 03/06/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8038 - APAX PARTNERS / ACCENTURE / DUCK CREEK) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 3.6.2016
                                        C(2016) 3551 final

                                        [pic]

|                                                                       |To the notifying parties:                                              |

Dear Sirs,

Subject:    Case M.8038 - APAX PARTNERS / ACCENTURE / DUCK CREEK
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 10 May 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which the undertakings Apax Partners LLP ("AP", United Kingdom) and Accenture plc ("Accenture",  Ireland)  acquire  within  the  meaning  of
    Article 3(1)(b) of the Merger Regulation joint control of Duck Creek ("Duck Creek", USA), by way of purchase of ownership interests as  well
    as the creation of a strategic alliance between Accenture and Duck Creek.[3]

 2. The business activities of the undertakings concerned are:

  – for AP: private equity firm managing private equity fund;

  – for Accenture: professional and advisory services on strategy, management, technology and IT systems;

  – for Duck Creek: provider of software solutions for the non-life insurance sector.

 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(b) 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)
                                            Johannes LAITENBERGER
                                        Director-General

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[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 184, 21.5.2016, p. 3.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE