Mergers: EU Commission clears the acquisition of Ingegneria by Bain and NB
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Engineering Ingegneria Informatica S.p.A. (“Ingegneria”), of Italy by Bain Capital Investors, LLC (“Bain”) and NB Renaissance Partners Holdings S.à r.l. (belonging to the Neuberger Berman Group, “NB”) both of the U.S.
Ingegneria is active in the provision of IT outsourcing services, mainly in Italy. Bain is active in private equity investments in companies across a number of industries, including information technology, healthcare, retail and consumer products, and communications, financial and industrial/manufacturing.
NB is active in the management of equity, fixed income, private equity and hedge fund portfolios. The Commission concluded that the proposed acquisition would raise no competition concerns, because the parties do not have significant market shares in the markets where their activities overlap.
The 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.9774.
Arianna Podesta –