Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

(1) The transaction concerns the proposed acquisition of joint control (within the meaning of Article 3(1) of the EU Merger Regulation) by investment vehicles of funds managed by affiliates of GA (“GA”, together with its associated funds and controlled portfolio companies, the “GA-Group”), Mr. Mallouk, and funds managed by affiliates of TPG (“TPG”, together, the “Acquirers”), over Creative Planning, a company incorporated under the laws of Delaware (together with the Acquirers, the “Parties”) (the “Proposed Transaction”).

(2) The Target is currently jointly controlled by Mr. Mallouk and GA. Following the completion of the transaction, both Mr. Mallouk and GA will retain controlling interests in Target and TPG will acquire a controlling interest in Target. As such, following the completion of the transaction the Target will be jointly controlled by the Acquirers.

(3) TPG, headquartered in the United States, is a leading global alternative asset management firm that consists of six multi-product platforms: Capital, Growth, Impact, Real Estate, Market Solutions and TPG Angelo Gordon.

(4) GA-Group, headquarted in the United States, is a global private equity firm providing capital and strategic support for growth companies in six sectors: climate, consumer, financial services, healthcare, life sciences, and technology.

(5) Mr. Mallouk is a natural person, currently exercising a controlling interest over the Target. Other than the Target, Mr. Mallouk does not hold any other controlled investments that operate outside of the U.S.

(6) Creative Planning headquartered in the United States, is a wealth and investment management firm that provides a financial planning led investment management approach, retirement planning, estate planning, trust services, tax planning and family office services for individuals as well as 401(k) and institutional clients.

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