CELEX: 32018M8924
Language: en
Date: 2018-06-05 00:00:00
Title: Commission Decision of 05/06/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8924 - HG CAPITAL / TA ASSOCIATES / ACCESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 05.06.2018
                                                                C(2018) 3713 final
                                                                       PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.8924 – HG CAPITAL / TA ASSOCIATES / ACCESS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 08 May 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which HgCapital LLP
        ("Hg", UK) and TA Associates L.P.("TA", USA) acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of The Access Group
        ("Access", UK), controlled by TA, by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     Hg is a private equity company which manages investment funds that invest mainly in
              Europe. A number of Hg’s portfolio companies provide IT Services including the
              provision of business software,
        −     TA is a private equity company active in North America, Europe and Asia. Some of
              TA's portfolio companies provide IT services, including the provision of business
              software,
        −     Access is a portfolio company of TA and primarily supplies a range of enterprise
              application software solutions in Financial Management Solutions and Human Capital
              Management, including industry-specific solutions within hospitality, recruiting,
              health and social care, manufacturing and distribution, education, not for profit and
              other industries.
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 171, 18.05.2018, 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)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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