M&A Deal Summary

Global Sources Acquires Clarion Events

On February 1, 2018, Global Sources acquired business services company Clarion Events from The Blackstone Group

Acquisition Highlights
  • This is Global Sources’ 1st transaction in the Business Services sector.
  • This is Global Sources’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-02-01
Target Clarion Events
Sector Business Services
Buyer(s) Global Sources
Sellers(s) The Blackstone Group
Deal Type Merger

Target

Clarion Events

London, United Kingdom
Clarion is an event organizer, producing and delivering innovative and market-leading events since 1947. In more recent times the firm has grown into a truly international business, with a portfolio of events and media brands across a range of vertical markets.

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Buyer(S) 1

Buyer

Global Sources

Hong Kong, China

Category Company
Founded 1970
Sector E-Commerce
Employees505
Revenue 198M USD (2014)
DESCRIPTION

Global Sources is a business-to-business media company and a primary facilitator of trade with Greater China. The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (GlobalSources.com), trade shows, magazines, and apps. More than 1.4 million international buyers, including 95 of the world's top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads, and win orders from buyers in more than 240 countries and territories. Global Sources was founded in 1970 and is based in Hong Kong City.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 117 of 173
Sector (Business Services) 5 of 7
Type (Merger) 4 of 9
Country (United Kingdom) 11 of 17
Year (2018) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Refinitiv

New York, New York, United States

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.

Buy $20.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-22 The Weather Company

Atlanta, Georgia, United States

The Weather Company is the owner of The Weather Channel and provides people with weather forecasts, content and data, connecting with them through television, online, mobile and tablet screens. Through WSI and Weather Central, the company delivers professional weather services for the media, aviation, marine and energy sectors.

Sell -