Brussels, 11 October 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Mahalo Group Holdings LLC (‘Norstella’) of the US and Caerus PIKCo S.à r.l. (‘Citeline’) of Luxembourg by HgCapital LLP (‘Hg’) of the UK, and Welsh, Carson, Anderson & Stowe (‘WCAS’) and Warburg Pincus LLC (‘Warburg Pincus’), both of the US. Norstella is a group of information and intelligence solutions providers for the pharmaceutical and medical technology industries, among others. Citeline provides specialist market intelligence, data and software in the pharmaceutical, consulting, financial, biotechnology and medical technology industries. Hg is an investor in software and services companies. WCAS is a private equity fund, which focuses on investing in healthcare and technology. Warburg Pincus is a private equity firm with portfolio companies active in a variety of sectors. The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ moderate combined market position resulting from the proposed transaction and the presence of a number of strong players remaining active on the market. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10845.
Source – EU Commission