Mergers: Commission approves acquisition of joint control of 20-20 and Compusoft by Genstar Capital and TA Associates

Daily News 10 / 11 / 2021

Economy - published on 11 November 2021
Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control by Genstar Capital Partners, LLC and TA Associates Management, L.P., both of the US, of the
combination of 20-20 Technologies, Inc. of Canada, currently solely controlled by Genstar Capital, and Compusoft AS of Norway, currently solely controlled by TA Associates. 20-20 and Compusoft
provide software allowing professional designers, retailers and manufacturers active in the interior design and furniture industries to visualise, configure, price and quote (‘visual CPQ software’)
kitchens, bathrooms and closets to end-users. Genstar Capital and TA Associates are both private equity investment companies.

The transaction gives rise to horizontal overlaps between 20-20 and Compusoft’s activities in the supply of visual CPQ software for residential interior design applications, in particular for
kitchen & bathroom furniture. The Commission concluded that the transaction would raise no competition concerns given the companies’ relatively modest combined market shares and the presence of
credible alternative suppliers in any of the relevant markets in the European Economic Area.

The transaction was examined under the normal merger review procedure.

More information is available on the Commission’s competition website, in the public
case register under the case
number M.10385.

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