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Informa to Buy Events Firm from Blackstone for £2.2 Billion

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Informa to Buy Events Firm from Blackstone for £2.2 Billion Informa Plc agreed to buy Clarion in a deal valued at £2.24 billion ($3 billion) including debt, establishing the British company as one of the largest business-to-business events operators. Informa will buy the business from Blackstone in a deal expected to close in the fourth quarter, the company said in a statement on Tuesday. Informa also said it will separate its academic business, Taylor & Francis.

Informa to Buy Events Firm from Blackstone for £2.2 Billion Informa Plc agreed to buy Clarion in a deal valued at £2.24 billion ($3 billion) including debt, establishing the British company as one of the largest business-to-business events operators. Informa will buy the business from Blackstone in a deal expected to close in the fourth quarter, the company said in a statement on Tuesday. Informa also said it will separate its academic business, Taylor & Francis.
Informa (PERSON) Blackstone (ORG) Informa Plc (ORG) Clarion (ORG) British (ORG) Taylor & Francis (ORG)
Originally published by Bloomberg Technology Read original →