Merger Notification - Announcement according to § 10 Cartel Act
Warburg Pincus LLC; Sundance Group Holdings, Inc.; Cove Hill Partners, LP
BWB/Z-5435
On 28.05.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
"Funds managed by affiliates of Warburg Pincus LLC, USA, intend, through a newly incorporated acquisition vehicle, Digital TopCo, Inc., USA, to acquire approx. 37 to 55% of the shares and joint control of Sundance Group Holdings, Inc., USA and its subsidiaries, including NetDocuments Software, Inc., USA.
The concentration concerns Enterprise Content Management software and services.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.06.2021.
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 26.06.2021 .