(CercleFinance.com) – The European Commission announces that it has approved the acquisition of joint control of Financière Hary SAS and its subsidiaries (‘A2Mac1’) by Rothschild & Co, both based in France, and by Providence Equity Partners (‘ Providence’), based in the United States.
A2Mac1 is a B2B database company providing engineering and technical benchmarking services, primarily for the automotive industry.
Rothschild is an investment bank and financial services company.
Providence is a private equity firm specializing in, among other things, the media, communications, education, and software sectors in North America and Europe.
The Commission concluded that the proposed acquisition would not raise competition concerns given the absence of overlapping activities between the parties.