Brussels, 5 December 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Creative Planning Holdco, LLC (‘Creative Planning’) by TPG Inc., General Atlantic, L.P. (‘GA’) and Peter Mallouk (‘Mr. Mallouk’), all of the US.
The transaction relates primarily to the markets for the provision of financial planning led investment management approach, retirement planning, estate planning, trust services, tax planning and family office services for individuals and institutional clients.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. 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.11770.