Merger Notification - Announcement according to § 10 Cartel Act
TA Associates Management, L.P.; Söderberg & Partners Holding AB
BWB/Z-6663
On 26.07.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed by TA Associates Management, L.P. (USA) intend to indirectly increase the shareholding in Söderberg & Partners Holding AB (Sweden) to more than 25%.
The concentration concerns financial advisory and intermediary services for insurance and financial products.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.08.2024.
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 24.08.2024 .