The Service of the Commission for the Protection of Competition has received notification of a concentration, according to Section 10 of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of share capital of think-cell Software GmbH, by Cinven Capital Management (VII) General Partner Limited (hereinafter “Cinven”).
Cinven is a private equity business, active in the provision of investment consulting services to a number of investment funds. The company, through its portfolio entities, is active in a wide range of sub-sectors, mainly business services, consumer products, financial services, medical care, industrial and technological services, mass media and telecommunications. Cinven, together with its subsidiaries and CVC Capital Partners Advisory Group Holding Foundation and its subsidiaries (private companies), constitute the “CVC Network”. The said Network is active in the provision of investment consultation and/or investment management on behalf of certain funds and investment platforms.
SCUR-Alpha 1318 GmbH is a company duly registered under the laws of Germany. The company, which is controlled by Cinven, constitutes a vehicle company that was founded for the purposes of the transaction.
The Target in the concentration is think-cell Software GmbH, a company duly registered under the laws of Germany. The company is active in the development, trading and licensing of charting and layout software that operates as an add-in product in popular office software programs, such as Microsoft PowerPoint and Microsoft Excel, that automates the operation of Microsoft PowerPoint/Excel and improves slide creation efficiency and quality.