31/01/2014 (Agence Europe) - Mergers: Advent/UNIT4. On 31 January, the European Commission gave the go-ahead to the acquisition of UNIT4 N.V. (UNIT4) of the Netherlands, by Advent International Corporation (Advent), of the United States. UNIT4 is active in the provision of business software solutions and IT services across Europe, North America, Asia Pacific and Africa. Advent is a private equity fund. KMD, a portfolio company of Advent, is active in IT services in Denmark. The Commission concluded that the transaction would not raise any competition concerns in the provision of business software in the European Economic Area (EEA) given the low combined market shares of UNIT4 and KMD. The Commission also concluded that the transaction would not raise any competition concerns in the provision of IT services in Denmark, given the negligible activities of UNIT4 in this market. The transaction was examined under the simplified merger review procedure. (FG/transl.fl)