The European Commission has approved, under the EU Merger Regulation, the acquisition of RG Engagement Group Limited (‘RG’) of the UK, by Castik Capital S.à r.l. (‘Castik’) of Luxembourg and Abry Partners II LLC (‘Abry’) of the US.
RG is active in the employee engagement technology sector and offers its solutions through its software platform SmartHub. Castik is an investment company and Abry is a private equity firm. The transaction gives rise to horizontal overlaps between the activities of RG and a portfolio company of Abry in the markets for Enterprise Application Software, Enterprise Resource Planning, Human Capital Management and HR solutions for large corporations. The Commission found that the proposed acquisition would raise no competition concerns because of its limited impact on the markets concerned. The transaction was examined under the simplified merger review procedure.
- Date de publication
- 15 juillet 2021