On February 11 2021 the European Commission unconditionally approved an acquisition of a joint venture providing Transport Administration Systems (TAS) by Francisco Partners and Marlin Equity Partners.
Conan Holdco AS, the newly created joint venture, includes the activities of Consignor (owned by Francisco Partners) and Unifaun (owned by Marlin Equity Partners) and provides TAS services in a number of European countries, including Finland, Sweden and Norway. TAS software allow companies to automate and optimize their logistic functions and had not been reviewed by the European Commission in previous cases.
A CRA team consisting of Cristina Caffarra, Raphaël De Coninck, Roman Fischer and Kilian Müller advised the Parties on the market definition as well as on the competitive assessment.
For more details, please see the Commission’s press release here.