CELEX: 32020M9931
Language: en
Date: 2020-09-14 00:00:00
Title: Commission Decision of 14/09/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9931 - STIRLING SQUARE CAPITAL PARTNERS / TA ASSOCIATES / DOCU NORDIC GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 14.9.2020
                                                                C(2020) 6358 final
                                                                                PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9931 – Stirling Square Capital Partners/TA Associates/DOCU
                Nordic Group
                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 20 August 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which SSCP Fourth
        Fund (Jersey), managed by Stirling Square Capital Partners Jersey AIFM Limited
        (“SSCP”, Jersey), and TA Associates Management L.P. (“TA Associates”, US),
        acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint
        control over the whole of the undertaking SSCP BYGG TopCo AB (“DOCU Nordic
        Group”, Sweden), solely controlled by SSCP by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             SSCP Fourth Fund: investment fund that seeks to make, hold, monitor and realise
              controlling investments via management buy-outs, management buy-ins, growth
              capital and other private equity transactions throughout Europe,
             TA Associates: private equity firm focused on targeted sectors within five
              industries – technology, healthcare, financial service, consumer and business
              services,
             DOCU Nordic Group: provider of market data and market intelligence services to
              companies in the Nordic construction industry as well as the Nordic property and
              healthcare sectors.
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 283, 27/08/2020, p. 5.
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(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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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