32017M8380

EUROPEAN COMMISSION

Brussels, 7.3.2017

PUBLIC VERSION

C(2017) 1664 final

To the notifying parties:

Subject:Case M.8380 - CPPIB / APAX / GL
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 01 February 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Canada Pension Plan Investment Board ("CPPIB", Canada) acquires joint control of GlobalLogic Holdings Limited ("GlobalLogic", Jersey), currently solely controlled by Apax Partners LLP ("Apax", UK), within the meaning of Article 3(1)(b) of the Merger Regulation via a purchase of shares. 3

2.The business activities of the undertakings concerned are:

-for CPPIB: professional investment management, investing the assets of the Canada Pension Plan;

-for Apax: investment advisory services to private equity funds investing in a range of industry sectors;

-for GlobalLogic: software development services and related consulting to a variety of sectors.

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(b) 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)

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