Merger Notification - Announcement according to § 10 Cartel Act
Five Arrows Managers S.A.; TA Associates Management, L.P.; Susquehanna Capital Management, LLC; Serengeti Topco LP
BWB/Z-7008
On 18.07.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
TA Associates (headquartered in the USA) and Five Arrows (headquartered in Luxembourg) intend to indirectly acquire more than 50% of the shares in Serengeti Topco LP (USA). Simultaneously, entities
controlled by funds managed by Susquehanna Capital Management, LLC (USA) intend to indirectly acquire the outstanding shares of more than 25% (but below 50%) in Serengeti Topco LP (USA).
ÖNACE Code: Computer programming, consultancy and related activities.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES K 62 - Computer programming, consultancy and related activities, K 62.9 - Other information technology and computer service activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 18.08.2025.
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 19.08.2025 .