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Document 52021M10517

Prior notification of a concentration (Case M.10517 – PERMIRA / THOMA BRAVO / MOTUS) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 472/08


OJ C 472, 23.11.2021, p. 8–9 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)



Official Journal of the European Union

C 472/8

Prior notification of a concentration


Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 472/08)


On 9 November 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004. (1)

This notification concerns the following undertakings:

Permira Holdings Limited (‘Permira’, UK),

Thoma Bravo, L.P. (‘Thoma Bravo’, USA),

Motus Group LLC (‘Motus’, USA), controlled by Thoma Bravo.

Permira and Thoma Bravo acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Motus.

The concentration is accomplished by way of purchase of shares.


The business activities of the undertakings concerned are:

for Permira: a private equity business engaged in the provision of investment management services to a number of investment funds. Permira controls a number of portfolio companies which are active in a variety of sectors across a range of jurisdictions,

for Thoma Bravo: a private equity business providing equity and strategic support to experienced management teams and growing software and technology companies in sectors including infrastructure, finance, healthcare and cybersecurity,

for Motus: an enterprise application software business which provides solutions to businesses relating to remote work, including (i) vehicle reimbursement and mileage calculation; (ii) wireless and device expense reimbursement and managed mobility services, and (iii) location cost reimbursement.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:


Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:


Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel


(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.