Merger Notification - Announcement according to § 10 Cartel Act
Blackstone Inc.; VEP Group, LLC; Platinum Falcon B 2018 RSC Limited
BWB/Z-6238
On 05.04.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Blackstone Inc., USA intends to indirectly acquire all shares in and thus sole control over Cvent Holding Corp., USA. In the course of the transaction, Platinum Falcon B 2018 RSC Limited, UAE, an investment holding company indirectly wholly owned by the Abu Dhabi Investment Authority, Abu Dhabi, UAE, will also acquire a minority shareholding of more than 25% in Cvent Holding Corp.
Economic Sector: Provision of IT-services
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 03.05.2023.
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 04.05.2023 .