The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition BTRS Holdings Inc. share capital by EQT Fund Management S.a r.l. via Bullseye Merger Sub, Inc.
EQT Fund Management S.a r.l. is duly registered in accordance with the laws of the Luxembourg. It is an investment fund that invests its funds and the funds of its customers in capital markets to various sectors of the economy.
Bullseye Merger Sub, Inc., is a special purpose vehicle company with no prior business activities established for the purposes of this proposed transaction. Bullseye Merger Sub, Inc., is controlled by EQT X and EQT Fund Management S.à rl..
BTRS Holdings Inc., is a company duly registered under the laws of the State of Delaware of the United States of America. It is a provider of cloud-based software and integrated payment processing solutions that simplify and automate business-to-business ("B2B") commerce through an order-to-cash platform and B2B payment network. The order-to-cash platform facilitates business processes for receiving and executing customer orders.
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