European Union: European Commission's investigation into acquisition of Evolution by ZeroTwo and WP (Case No. M.12119)
Progress
Current status
concluded
16 Sep 2025 concluded
22 Aug 2025 under deliberation
Scope
Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
competition authority
Implementation Level
supranational
Timeline of events
European Commission approved acquisition of Evolution by ZeroTwo and WP
On 16 September 2025, the European Commission approved the joint acquisition of Frontier Global Investments and Evolution DC Capital by ZeroTwo and Warburg Pincus under Article 6(1)(b) of the European Union's (EU) Merger Regulation. The Article sets…
SourceEvent type
investigation
Action type
closure
Government branch
executive
Government body
competition authority
European Commission announced investigation into acquisition of Evolution by ZeroTwo and WP
On 22 August 2025, the European Commission announced an investigation under the European Union Merger Regulation concerning a proposed concentration in which ZeroTwo, controlled by Abu Dhabi Developmental Holding, and Warburg Pincus based in United …
SourceEvent type
investigation
Action type
announcement
Government branch
executive
Government body
competition authority