Brussels, 30 January 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of JP Beteiligungs GmbH and AggroSport GmbH, including each of their direct and indirect subsidiary undertakings (‘Exercite Group’) of Germany, by TA Associates Management, L.P. (‘TA Associates’) and Warburg Pincus LLC (‘Warburg Pincus’), both of the US.
The transaction relates primarily to the provision of financial services, in particular of health and fitness benefits to employees.
The Commission concluded that the notified transaction would not raise competition concerns, given 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.11369.
Source – EU Commission