Informa to Buy Rival Events Firm Clarion for £2.2bn Amid Strategy Overhaul
The £2.24 billion deal would add more than 100 event brands and help Informa lift B2B sales above £4.2 billion, the company said.
- Informa revealed plans to acquire Clarion Events from Blackstone in a £2.24 billion deal while spinning off its academic arm, Taylor and Francis, to prioritize core business-to-business operations.
- Stephen Carter, Informa group chief executive, said the move marks a growth strategy that has seen business-to-business revenues grow ten-fold since 2014, generating more than 3 billion US dollars of value.
- The acquisition adds more than 100 event brands to its portfolio, providing 'further depth' in North America and Asia while 'significantly' strengthening its European position, according to the group.
- With Taylor and Francis approaching 1 billion dollars in revenue, the division will gain 'greater flexibility and freedom' through the next phase of its development, according to Stephen Carter.
- Informa will review 'all options' for the academic division to 'best support the future growth and development of the business,' with results expected in March.
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The British group of corporate events and academic publications Informa has announced a broad strategic restructuring that includes the division of its academic arm, Taylor & Francis, and the acquisition of the business fair organizer Clarion Events for a value of 2,24 billion pounds. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Informa snaps up Clarion Events in £2.3bn deal with Blackstone
Digital services giant Informa has snapped up the world’s largest privately owned event and exhibition organiser in a multi-billion pound deal with private equity firm Blackstone. The FTSE 100 group revealed on Tuesday it had acquired London-headquartered Clarion Events for £2.3bn from Blackstone. The deal brings over 100 business-to-business live event brands under the Informa [...]
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