Mergers: Commission clears acquisition of control over PPT by Charlesbank and GTCR.

Daily News 05 / 09 / 2019

Promo - published on 05 September 2019

Press release European Commission

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over PPT Holdings I, LLC (PPT) by Charlesbank Capital Partners LLC (Charlesbank) and GTCR
LLC (GTCR), all of the US.

PPT is a third party maintenance provider offering storage, server and network maintenance, hardware services and proactive monitoring. Charlesbank is active in
investment across a range of industries, primarily in the US. GTCR is active in investment in growth companies in the financial services & technology, healthcare, media &
telecommunications and growth business services industries.

The Commission concluded that the proposed acquisition would raise no competition concerns, as the transaction does not create any horizontal or vertical overlaps between the companies. The
transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.9487.

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