Merger Notification - Announcement according to § 10 Cartel Act
NSM Insurance Group, LLC; Acquis Insurance Management Ltd.
BWB/Z-6228
On 27.03.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
NSM Insurance Group, LLC (Pennsylvania/United States), a portfolio company of The Carlyle Group, Inc. (Washington, D.C./United States), intends to acquire sole control over Acquis Insurance Management Ltd (Newport/United Kingdom).
The concentration concerns the provision of insurance brokerage and administration of specialist insurance solutions, primarily to the leasing industry.
Affected industry: K.66.22 – Activities of insurance agents and brokers.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.04.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 25.04.2023 .