European Commission - Daily News
Brussels, 12 February 2016
The European Commission has approved under the EU Merger Regulation the proposed acquisition of Comdata S.p.A. by Comet S.r.l., both of Italy. Comet is a subsidiary of The Carlyle Group of Luxembourg.
Comdata provides business process outsourcing services in the field of customer relationship management. The Carlyle Group manages funds that invest inter alia in corporate private equity, real assets, global market strategies, as well as in solutions related to private equity funds.
The Commission's investigation found that the transaction would raise no competition concerns because a number of strong players would remain in the market after the merger. In addition, none of the services provided by Comdata constitutes an important input for the activities of The Carlyle Group. The operation 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.7891.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)