Merger Notification - Announcement according to § 10 Cartel Act
TA Associates Management, L.P.; Insight Venture Management, LLC; Beantown Newco Limited; Aptean Headquarters
BWB/Z-6116
On 28.10.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
TA Associates Management, L.P, USA, intends to acquire sole control over and investment funds and entities advised or managed by Insight Venture Management LLC, USA, intend to acquire a non-controlling interest of more than 25% in Beantown Newco Limited, the top-level holding company of the Aptean group, USA, which is a global provider of enterprise software.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.11.2022.
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 26.11.2022 .