Merger Notification - Announcement according to § 10 Cartel Act
AlpInvest Partners B.V.; Stone Point, L.P.
BWB/Z-7060
On 05.09.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
AlpInvest Partners B.V. (Netherlands), which is ultimately controlled by The Carlyle Group Inc. (USA), and Ardian France S.A. (France) each intend to acquire a non-controlling limited partnership interest of more than 25% or of more than 50% in the newly formed continuation investment vehicle Stone Point, L.P. (Cayman Islands) which is ultimately controlled by Stone Point Capital LLC (USA).
As part of the Transaction controlling interests in (i) ComPsych Corporation, (ii) Freepoint Commodities LLC, (iii) Higginbotham & Associates, Inc., (iv) LegalShield Corporation, (v) Northshore Holdings Limited, and (vi) SunFire Matrix, Inc., as well as non-controlling interests of less than 25% in certain additional companies will be transferred from existing funds managed and ultimately controlled by Stone Point funds to Stone Point CV, L.P..
While the Target Companies are active in a range of sectors, the only Target Companies with revenues in Europe are active in the insurance and reinsurance sector, and in commodity trading.
The transaction concerns the insurance and reinsurance sector and commodity trading.
G - WHOLESALE AND RETAIL TRADE G 46 - Wholesale trade, G 46.8 - Other specialised wholesale, L - FINANCIAL AND INSURANCE ACTIVITIES, L 65 - Insurance, reinsurance and pension funding, except compulsory social security, L 65.1 - Insurance, L 65.2 - Reinsurance
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 03.10.2025.
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 04.10.2025 .