32018M8928

EUROPEAN COMMISSION

Brussels, 22.6.2018

C(2018) 4051 final

To the notifying party:

Subject:Case M.8928 - FRANCISCO PARTNERS / VERIFONE SYSTEMS
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2

Dear Sir or Madam,

1.On 30 May 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Francisco Partners Management LP (“Francisco Partners”, US) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of VeriFone Systems, Inc. (“VeriFone”, US) by way of purchase of shares. 3

2.The business activities of the undertakings concerned are:

-Francisco Partners: a private equity firm exclusively focused on investments in software and technology-enabled businesses,

-VeriFone: primarily active in the design, manufacture and supply of point of sale (“POS”) payment devices and related services.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed)

Johannes LAITENBERGER
Director-General

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