TPG Vitality Softbank acquisition of Cambridge Mobile Telematics

Commissi on européenne/Europese Commissie, 1049 Bruxelles/Bruss el, BELGIQUE/BELGIË - Tel. +32 22991111 Disclaimer: The Com petiti on DG make s the infor mation pr ovide d by t he notif ying par ties in se ction 4 of Short Form CO available to t he publi c in ord er t o increas e trans parency. Thi s infor mation has been prepare d by the notifyi ng partie s under t heir s ole res ponsibil ity, and i ts cont ent in no way pre judges t he view the Commis sion may t ake of the plan ned oper atio n. Nor c an the C ommis sion be held res ponsible for any inc orrec t or misl eading infor mation contained ther ein. M.12287 – TPG / VITALITY / SOFTBANK / CAM BRIDGE MOBILE TELEMA TICS SECTIO N 4 Descrip tion o f the con cent ration The proposed concentrat ion concerns the ind ir ect acquis ition of joint c ont rol, within t he me ani ng o f Article 3(1)(b) AND 3(4) of t he Merger Regula tion, by funds managed and/or advise d by af fi liat es of TPG Inc. (“ TPG ”) over Cambridge Mob ile T elematics Inc. (“ CMT ” and together with i ts subsid iaries, “ Target ”) by way of the purchase of shares (the Proposed Transaction). Following t he Proposed Transaction, CMT wi ll be jointl y c ont r oll ed by TPG an d ex istin g investors, SoftBank Vi sion Fund (AIV M2), L.P. (“ Softbank Investo r ”) a nd Vit ali ty Gr oup International, Inc. (“ Vita lity ”, together with TPG, CMT, and SoftBank, the “ P arties ”). TPG, headquarte red in the United States, is a leading global al ter nat ive a sset m ana gem ent firm t hat con sists of six mul ti -product platfo rms: Capit al, Gro wth, Impac t, Real E stat e, Market Solutions and TP G Angelo Gordon. SoftBank Investor is indire ctl y wholly controlled by S of t Bank Group Cor p. (“ SBG ”). SBG is a publicly traded global investor headquartered in Tokyo, Japan, with a varied por tfolio of i nve stm e nts and subs idia rie s focused on the t echnology sector, man y of which are min ority, non-controlled investment s. Companie s and investme nts of SBG conduct business acti vities globally across a wi de ra nge of sect ors, inc lu di ng online learning, mobi le and fi xed - line co mmunicat ions serv ices, mi croelect ronics, transportation, soft ware - as -a- servi ce, mo bile d evices, in terne t adve rtis ing and e- commerce, banking, pa yme nt and inve stmen t, IT platforms, Art ific ial Intel lige nce and mo bile ro bots. Vita lity, headquartered in the U nit ed St ates, is a global he al th and wellne ss com pa ny a nd subsidiary o f Di scovery L imited, a finan cial serv ices org anizati on listed in South Africa. CMT, headquartered in the Un ited St ates, is a telematics servi ce pr ovi de r tha t partners with insur ers, aut omakers, commercia l mobili ty compan ies, and the public se cto r to measure ri sk, dete ct cr ash es, provide life -saving a ssistance, a nd st reamline claims.