Statement from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Clayton, Dubilier & Rice Fund XII, LP” and the company “Everest UK HoldCo Limited” of joint control of the company “Exclusive Networks SA”, after which they will respectively hold 56% and 38% of its share capital and associated voting rights.

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The company “Clayton, Dubilier & Rice Fund XII,LP”;
• The company “Everest UK HoldCo Limited”;
• The company “Exclusive Networks SA”.

Nature of the operation

• Joint control acquisition.

Economic sectors concerned

• Information technology products distribution sector.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e. September 16, 2024.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the acquisition by the company “Clayton, Dubilier & Rice Fund XII, LP” and the company “Everest UK HoldCo Limited” of joint control of the company “Exclusive Networks SA” and after which they will respectively hold 56% and 38% of its share capital and associated voting rights.

“Clayton, Dubilier & Rice Fund XII, LP” is a private equity fund registered in the Cayman Islands and controlled by Clayton, Dubilier & Rice, a private investment group based in the United States. The group’s strategy is to acquire and manage stakes in companies from various sectors, including industry, business services, financial services, distribution, health, and technology.

“Everest UK HoldCo Limited” is a limited liability company registered in the United Kingdom. The company is indirectly and exclusively controlled by “Permira Holdings Limited”, a private equity company registered in Guernsey and whose purpose, through its subsidiaries and affiliated companies, is to provide investment management services to a number of investment funds.

“Exclusive Networks S.A” is a French joint-stock company, specialized in wholesale distribution of information technology products and solutions.

 

Done in Rabat, on September 5, 2024