Jul
26
Blackstone Buys Clarion Events
ByEstablished in 1947, the London-based event organizer boasts roughly 950 employees in 13 offices across the globe. The transaction includes an option for Clarion to reinvest part of the disposition proceeds into the events company.
Blackstone has acquired Clarion Events, an independent, international events organizer headquartered in London. Private equity funds managed by the global investment firm purchased the company from private funds managed by Providence Equity Partners.
Blackstone isn’t divulging the financial particulars of the transaction. Clarion last changed hands in 2015 for approximately £200 million, according to a report by investment bank JEGI, when Providence acquired 100 percent interest in the company…
