The European Commission has approved, under the EU Merger Regulation, the acquisition of Dolphin TopCo Inc. by GTCR LLC, both of the US, and Apax Partners LLP of the UK. Dolphin TopCo provides non-life insurance brokerage services via its operating subsidiary AssuredPartners Inc. GTCR and Apax Partners are private equity firms investing and providing investment advisory services to private equity funds in a range of industry sectors...
The Commission concluded that the proposed acquisition would raise no competition concerns given Dolphin TopCo's limited activities within the European Economic Area and the absence of overlaps between the activities of Dolphin TopCo, GTCR and Apax Partners portfolio companies. 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.9334.
