Brussels, 28 February 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Adapt2 Solutions, Inc. (‘Adapt2′) by Blackstone Inc. (‘Blackstone’) and Vista Equity Partners Management, LLC (‘Vista’), all of the US.
The transaction relates primarily to the provision of energy trading and power settlement software.
The Commission concluded that the notified transaction would not raise competition concerns, given (i) the limited impact on the European Economic Area; and (ii) that the companies are not active in the same or vertically related markets. The notified 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.11420.
Source – EU Commission