Brussels, 2 June 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Hyve Group PLC (‘Hyve’) of the UK by Providence Equity Partners LLC (‘PEP’) of the US and Searchlight Capital Partners LP (‘SCP’) of the UK.
Hyve organises exhibitions and conferences. PEP is a global asset manager. SCP is a private equity investment firm.
The Commission concluded that the proposed acquisition would raise no competition concerns, because of its limited impact 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.11124.
Source – EU Commission