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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.
On July 26, 2024, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (the “EU Merger Regulation”) whereby Genstar Capital Partners LLC (“Genstar”) and funds managed or advised by TA Associates Management L.P. (“TA Associates”) propose each to acquire joint control of AffiniPay LLC (“AffiniPay”) within the meaning of Article 3(1)(b) of the EU Merger Regulation, by way of a purchase of shares (the “Proposed Transaction”). AffiniPay is currently solely controlled by TA Associates, who will re-invest in AffiniPay pursuant to the Proposed Transaction.
TA Associates is a global private equity firm based in Boston, Massachusetts, USA. TA Associates has portfolio companies active in selected industries, including business services, consumer, financial services, healthcare and technologies, operating worldwide. For further information, please see: www.ta.com.
Genstar is a globally active private equity firm incorporated in the United States. Genstar invests in four sectors: financial services, healthcare, industrial technology, and software.
AffiniPay is a provider of integrated payments and practice management software to the legal and professional services industries headquartered in Austin, Texas, USA. For more information on AffiniPay, please see https://www.AffiniPay.com/.
The Proposed Transaction comprises the entry of Genstar as a co-controlling shareholder, such that, post-Transaction, the Target will be controlled jointly by each of Genstar and TA Associates.
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111