Commission clears acquisition of GGW Group by Permira and HG

Source: European Commission Spokesperson's Service  

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of GGW Group GmbH (‘GGW Group’) of Germany by Permira Holdings Limited (‘Permira’) of Guernsey and Hg Capital LLP (‘HG’) of the UK.

The transaction relates primarily to the market of insurance brokers and underwriting agents active in the industrial, commercial and private consumer sector.

The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified 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.11431.