2310001 Informal Interpretation

She inberg, Samuel I.
From: 	H SR Help
Se nt: 	Friday, October 13, 2023 10:30 AM
T o: 	Wa lsh, Kat h ry n E. ; Be r g, Kare n E. ; Musick, Vessel in a; Shaffer, Kristin; She inber g, Samuel I.; Six, An ne;
Fetterman, Michelle; Burton, June
S ubj ect : 	FW: Filing in t he alternative due to fund structure
From: Whi te head, Nora < nwhi te head@ftc.go v>
Sent : Frida , October 13, 2023 10:29: 58 AM UTC-05:00
To:
Cc: 	e p < 	e p 	c.gov>
Subject: RE: Filing in the alte rn ative due to fund st ructure
We agree with y our proposed approach.
From: HSRHelp <HSRHe lp@ftc.go v>
Se nt : Thursda y, October 12, 2023 12:17 PM
To: Walsh , Kath ry n E. <kwalsh@ftc.gov>; Berg, Karen E. <KB ERG@ftc.gov>; Musi ck , Ves seli na <vmusick@ftc.gov>;
Shaffer, Kristin <kshaffer@ftc.gov>; She inberg, Samuel I. <SS HEINBERG@ftc.gov>; Six, Anne <asix@ftc.gov>; W hitehead,
Nora <nw hitehead@ftc.gov>; Fetterman, M ichelle <mfette rman@ftc.gov>; Burton, June <jburton@ftc.go v>
Subject : FW: Filing in the alternat ive due to fund structure
From:
Sent : 	u rs ay, 	o 	r 	, 	-05:00) Eastern Time ( US & Ca nada)
To: HSRHe lp < HSRHe lp@ftc.gov >
Subject: Filing in the alte rn ative due to fund stru cture
He ll o PNO team ,
We represent a PE fi rm in an ac quisit ion that wi ll require a fi ling. One of two di fferent ent it i es managed by that PE firm
will be the UP E at the t ime of cl os ing, but the entit i es are contro ll ed by di fferent acquiri ng persons. We do not know
whi ch ent ity will be the UPE due to uncerta i nt i es of fund raisi ng whi ch will determ ine the UPE at cl os i ng . To resolve the
issue wi th UPE uncerta i nty, we propose submitt i ng fili ngs on behalf of each potent ial UP E. Although the contents of the
HSR fili ngs will di ffer (and separate filing fees w ill be paid ), because of common management of the two ent it ies by the
PE firm , both UPEs will ha ve the same associates an d be asso ci ates of each other. Both UPEs can attest to a good fai th
i ntent ion to complete the transaction, subject to resolution of the fundraising process. Cou ld you please let us k now if
you agr ee w ith th is approach?
Thank you,
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