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

On 17 October 2024, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which funds managed by Clayton, Dubilier & Rice, LLC (“CD&R”), registered in Delaware, U.S., and funds managed or advised by Permira Holdings Limited (“Permira”), registered in Guernsey, intend to acquire indirect joint control over Exclusive Networks S.A. (the “Target”) within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation.

The business activities of the undertakings concerned are:

(a) CD&R is a private equity investment firm, based in the United States, which originates, structures and frequently acts as lead equity investor in management buyouts, strategic minority equity investments and other strategic investments.

(b) Permira is a Guernsey registered private equity business engaged, through its subsidiaries and affiliates, in the provision of investment management services to a number of investment funds.

(c) The Target is active in the wholesale distribution of IT products and solutions, including security-related products and solutions such as cybersecurity.

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