Global law firm Clifford Chance is advising its FTSE 100 client Informa PLC on the acquisition of Clarion for £2.24 billion. This acquisition, which will be funded by a combination of dedicated acquisition financing and a c.£940 million equity placing and retail offer, underscores Informa’s position as an international leader in B2B Live Events, providing scale entry to high growth categories including Electronics, Defence/Security and Gaming, and adding further to its offering in the Technology and Energy sectors.
Commenting on the transaction, partner Steven Fox said: “We are delighted to be advising our longstanding client Informa on this notable transaction and financing structure. Special credit and thanks to their legal team led by Rupert Hopley (GC) and Mary Bartle (Head of M&A Legal, EMEA and APAC) with Alex Brogan (Senior Legal Counsel (M&A)), Victoria Costella (General Counsel, HR) and Sophie Applewhite (Head of Legal – HR M&A), with whom it has again been a pleasure to work alongside. Informa is a company with a significant growth trajectory and with the addition of Clarion, the Informa group also further expands its geographical depth in North America and Asia and strengthens its European position.”
Clifford Chance’s cross-practice team was led by M&A and Informa relationship partners, Steven Fox and Katherine Moir assisted by Informa’s wider relationship team at the firm, comprising Corporate partners Erik O’Connor and Olivia Higgs, supported by senior associate Jennifer Xue, and partners Julia House (Finance), Simon Thomas and Kate Vyvyan (Capital Markets), Chinwe Odimba-Chapman (Employment), Sonia Gilbert (Incentives), Rebecca Trapp (Pensions), Nicola Hemsley (Tax), Don McCombie (IP), Zayed Al Jamil (Tech Digital), Michael Rueter (Counsel), Brian Conklin and Dimitri Slobodenjuk (Antitrust), Michael Lyons (Compliance), Guy Burkitt (Litigation), Angela Kearns (Real Estate) and Adam Hedley (Environmental and Regulatory).
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