Merger Notification - Announcement according to § 10 Cartel Act
Industry Ventures, LLC; еVentures Fonds 2 GmbH & Co. KG; BV еVenture Fund II LP
BWB/Z-4374
On 04.04.2019 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Industry Ventures, LLC (San Francisco / USA) intends to acquire a non-controlling minority shareholding of 25.5% of the limited partnership interests in еVentures Fonds 2 GmbH & Co. KG (Hamburg / Germany) and a non-controlling minority shareholding of 25.5% of the limited partnership interests in BV еVenture Fund II LP (San Francisco / USA). The proposed concentration concerns Venture Capital investments.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 02.05.2019.
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 03.05.2019 .