CELEX: 32021M10317
Language: en
Date: 2021-07-08 00:00:00
Title: Commission Decision of 08/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10317 - MACQUARIE / WARBURG PINCUS / PTSG) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 8.7.2021
                                                                 C(2021) 5205 final
                                                                                 PUBLIC VERSION
                                                                 Macquarie European Investment Holdings
                                                                 Limited
                                                                 Ropemaker Place, 28 Ropemaker Street
                                                                 EC2Y 9HD London
                                                                 United Kingdom
                                                                 Warburg Pincus LLC
                                                                 450 Lexington Avenue
                                                                 NY 10017 New York
                                                                 United States of America
Subject:         Case M.10317 – MACQUARIE / WARBURG PINCUS / PTSG
                 Commission decision pursuant to Article 6(1)(b) of Council Regulation
                 (EC) No 139/20041 and Article 57 of the Agreement on the European
                 Economic Area2
Dear Sir or Madam,
1.      On 11 June        2021, the European Commission received a notification of a proposed
        concentration      pursuant to Article 4 of the Merger Regulation by which Warburg
        Pincus LLC        (‘Warburg Pincus’, USA) and Macquarie Group Limited (‘Macquarie’,
        UK) acquire      within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation
        joint control       of Premier Technical Services Group Limited (‘PTSG’, UK). The
        concentration      is accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             For Warburg Pincus: management of private equity funds; Warburg Pincus'
              portfolio companies are active in a variety of sectors, including energy, financial
              services, healthcare, industrial and business services, technology, media and
              telecommunications,
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 (the ‘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 236, 18.6.2021, p. 12.
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---        for Macquarie: provision of asset management and finance, banking, advisory and
        risk and capital solutions across debt, equity and commodities; Macquarie holds
        interests in a number of companies in various industry sectors, including, but not
        limited to, energy utilities in Europe,
       for PTSG: supply of building safety equipment and maintenance services
        including façade access and fall arrest equipment services, lightning protection
        and electrical testing, specialist building access and fire solutions.
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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