Brussels, 27 June 2024
The European Commission has approved, under the European Merger Regulation, the acquisition of joint control of Proyectos Educativos Europa, S.L. (“Universidad Europea”), based in Spain by EQT Fund Management S.à.t.l (“EFMS” ), based in Luxembourg, and Permira Holdings Limited (“Permira”), based in Guernsey.
The transaction mainly concerns the higher education sector.
The Commission concluded that the planned concentration would not raise competition concerns, given that the companies are not present on the same or vertically linked markets. The notified transaction was examined under the simplified merger control procedure.
Further information is available on the Commission’s competition website, in the public case register under case number M.11549.
Source – EU Commission