Merger Notification - Announcement according to § 10 Cartel Act
Project CS Parent; Coupa Software Inc.
BWB/Z-6160
On 22.12.2022 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Project CS Parent, LLC (“Parent“) intends to acquire all of the shares in, and thus sole control of, Coupa Software Inc. In addition, Platinum Eagle C 2018 RSC Limited, an investment holding company indirectly wholly owned by the Abu Dhabi Investment Authority, Abu Dhabi, UAE, will acquire a minority shareholding of more than 25% in Parent.
The concentration concerns the area of supply chain management software.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 19.01.2023.
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 20.01.2023 .