EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 05/11/2024

In electronic form on the EUR-Lex website under document number 32024M11761

EUROPEAN COMMISSION

Brussels, 5.11.2024 C(2024) 7842 final

PUBLIC VERSION

TPG Inc. 301 Commerce Street Suite 3300 Fort Worth, Texas 76102 United States of America

New Mountain Capital, LLC 1633 Broadway, 48th Floor New York, New York 10019 United States of America

Dear Sir or Madam,

(1) On 11 October 2024, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, by which TPG Inc. (“TPG”, United States), and New Mountain Capital, LLC (“New Mountain”, United States), will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Homrich Berg Wealth Management, LLC (“HB”, United States) by way of purchase of shares. ()

(2) The business activities of the undertakings concerned are the following:

– TPG is a global alternative asset management firm,

– New Mountain is a private equity investment firm,

– HB is a wealth management firm offering financial planning and investment management services to high-net-worth customers in the United States.

(3) After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of

1() OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2() OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3() OJ C, C/2024/6315, 21.10.2024.

paragraph 5(a) of the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004. ()

(4) For the reasons set out in the Notice on a simplified treatment, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

4() OJ C 160, 5.5.2023, p. 1 (the ‘Notice on a simplified treatment’).

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