Friday, January 16, 2015

Clarion Events acquired by Providence Equity

News this week: London-headquartered Clarion Events was recently acquired by global asset management firm Providence Equity. According to media reports, the deal was announced to Clarion staff on 9th January and worth more than US$303 million.

Other bidders in the acquisition reportedly included ITE Group, Penton Media, Charterhouse Capital Partners and Carlyle Group LP. Providence Equity is a leading global investor specialising in media, communications, education and information industries. The asset management firm is expected to invest heavily in Clarion to begin an aggressive expansion strategy that will involve large and small international acquisitions.

Clarion employs more than 500 staff globally and operates offices in the U.S., Germany, Brazil, Singapore, UAE, the Netherlands, Turkey and South Africa. The company organises more than 200 events worldwide in various industries including telecommunications, defence and security, life sciences, oil and gas, as well as consumer events in gaming, travel, housing and parenting.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

1 comment:

Unknown said...

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