UK events firm that hosts arms fairs and comic shows sold to rival for £2bn
Summary
Informa, a large London-based events company, has bought Clarion, another events organiser, for £2.24 billion. Clarion hosts many types of events, including arms fairs, comic conventions, and travel shows. Informa plans to grow its event business and separate its academic publishing division, Taylor & Francis.Key Facts
- Informa purchased Clarion from Blackstone for £2.24 billion.
- Clarion runs events like the DSEI arms fair in London and AwesomeCon in Washington.
- DSEI takes place every two years and has faced protests against some exhibitors.
- Clarion also organises travel shows, classic car events, and gaming and tech industry gatherings.
- Informa, headquartered in London, employs 14,000 people and hosts global events like London Tech Week.
- Informa plans to spin off its academic publishing unit, Taylor & Francis, which made about £760 million last year.
- To pay for Clarion, Informa will raise £940 million by selling new shares.
- Informa expects the deal to speed up its growth and increase profits by 2027.
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