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: 24/01/2024

In electronic form on the EUR-Lex website under document number 32024M11375

EUROPEAN COMMISSION

Brussels, 24.1.2024 C(2024) 566 final

PUBLIC VERSION

Blackstone Inc. 345 Park Avenue New York 10154 New York United States of America

Vista Equity Partners Management, LLC 4th Embarcadero Center, 20th floor San Francisco 94111 California United States of America

Dear Sir or Madam,

1.1. On 21 December 2023, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation, by which the undertakings Blackstone Inc. (together with its affiliates “Blackstone”, United States), and Vista Equity Partners Management, LLC (together with its affiliates “Vista”, United States), will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control over the whole of the undertaking Simulation Software Holding Company Pty Ltd, (“Energy Exemplar”, Australia), ultimate parent entity of the Energy Exemplar group of companies by way of purchase of shares. ( )

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/2024/783, 11.01.2024.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË – Tel. +32 22991111

2. The business activities of the undertakings concerned are the following:

– Blackstone is a global alternative asset manager. It is headquartered in the United States and has offices in Europe and Asia,

– Vista is a United States-based investment firm focused on empowering and growing enterprise software, data and technology-enabled businesses. Vista controls a number of portfolio companies that are active in the provision of IT services such as the provision of business software,

– Energy Exemplar is a provider of energy market modelling and analytics software to assist decision-making in energy planning, operations, and investment for their customers in the electricity, water, gas and renewables sectors. Energy Exemplar is an Australian company with a global presence.

3.3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraphs 5(b) and 5(c) 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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