Merger Notification - Announcement according to § 10 Cartel Act
HBM Marvel Holdco S.à.r.l; Bregal Milestone Gruppe; Haveli Investments, L.P.; M-Files Corporation
BWB/Z-6707
On 03.09.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The investment funds Bregal Milestone II L.P. (St. Helier / Jersey) and Bregal Milestone II-A SCSp (Grand Duchy of Luxembourg), which are ultimately controlled by COFRA Holding AG (Switzerland), and Haveli Investments L.P. (Austin / USA), intend to indirectly - via HBM Marvel Holdco S.à.r.l. (Grand Duchy of Luxembourg) – acquire at least approximately 70% of the shares in and joint control over M-Files Corporation
(Finland).
The proposed concentration concerns business/enterprise software
Affected industry: Computer programming activities
J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 01.10.2024.
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 02.10.2024 .