Merger Notification - Announcement according to § 10 Cartel Act
Committed Advisors SCS; CASF VI Investments 1 SCSp (société en commandite spéciale); CA GPS Investments II SCSp (société en commandite spéciale); Constellation Gruppe
BWB/Z-7481
On 09.09.2026 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Committed Advisors SCS, France, a private equity investment manager belonging to the Wendel Group, intends, through its managed funds CASF VI Investments 1 SCSp and CA GPS II Investments 1 SCSp, to commit more than 50% of the aggregate capital commitments in the newly established investment fund CONSTELLATION Academy Continuation SCSp, Luxemburg, including its direct and indirect portfolio companies (i) BBI Bildungs- und Beratungsinstitut GmbH, (ii) CA Holding GmbH, Germany, together with following direct and indirect subsidiaries (each 100 % owned, either directly or indirectly, by CA Holding GmbH): (iii) GPB Gesellschaft für Personalentwicklung und Bildung mbH; (iv) W.A.R. Wirtschaftsakademie am Ring GmbH; (v) BSG Bildungsinstitut für Soziales und Gesundheit GmbH; (vi) FOKUS Sprachen und Seminare GmbH; (vii) FOKUS Sprachen und Seminare Stuttgart
GmbH; (viii) CONSTELLATION ACADEMY digital GmbH; (ix) the key - academy GmbH; (x) the key - Unternehmensgruppe GmbH (currently being liquidated); (xi) BBQ - Baumann Bildung und Qualifizierung GmbH, Berlin; (xii) AIHE Academic Institute for Higher Education GmbH; and (xiii) meta five GmbH (all Germany).
The proposed concentration concerns the provision of adult education services.
ÖNACE Code: Tertiary education; Other education.
Q - EDUCATION Q 85 - Education, Q 85.4 - Tertiary education, Q 85.40 - Tertiary education, Q 85.5 - Other education, Q 85.59 - Other education n.e.c.
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.10.2026.
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 08.10.2026 .