Advised Clarion Events, one of the world’s leading event organisers, on its sale to Providence Equity Partners
Jan 2015
acquired by
$318 million
  • Sector: Data & Information
  • Deal Type: Private Equity Deals
  • Engagement type: Sellside
  • Size: $318 million
Scroll

Arma Partners is pleased to announce that it acted as exclusive financial adviser on the sale of Clarion Events Limited to Providence Equity Partners. Clarion was owned by Veronis Suhler Stevenson and Trilantic Capital Partners, who acquired the company in 2008 and have supported its transformational growth through organic investment and bolt-on acquisitions.

Clarion is one of the world’s leading event organisers. The company employs over 500 staff and operates events in Europe, Latin America, the Middle East and Africa, North America and the Asia Pacific region. Clarion’s events address sectors including Energy, Defence & Security, Gaming, Trade, Consumer, Telecoms, Payments and Life Sciences. The company generates over £100m in revenues.

This transaction demonstrates Arma Partners’ expertise in the Media sector and our unique ability to deliver successful outcomes for our clients.

– Clarion Events (“Clarion” or the “Company”) is a leading, independent events organiser with operations in the UK, Continental Europe, Latin America, Middle East and Africa, Asia-Pacific and North America

– Clarion operates premium global events in its six core sectors; Energy, Defence & Security, Gaming, Trade, Consumer and TPL1

– Clarion’s management have successfully transitioned the Company from a UK dominated B2C events organiser to a global business focused on B2B events

– Each year, around 500,000 exhibitors, sponsors, delegates and visitors attend Clarion’s events

– Prior to the acquisition, Clarion was a portfolio company of Veronis Suhler Stevenson (“VSS”) and Trilantic Capital Partners (“Trilantic”)

– Providence Equity Partners is a premier global private equity and credit investment firm with over $40 billion in capital under management

– Providence employs a sector-focused, M&A buy and build approach to private equity, investing with a vision that a dedicated team of industry experts can build companies with enduring value

– Founded in 1989, Providence has invested in over 140 companies and has established a presence as one of the leading equity investment firms focused on the media, communications, education and information industries

– Providence operates with over 250 employees, senior advisers and operating partners with offices in the US, Europe and Asia

– Clarion had completed its investment cycle with VSS and Trilantic and required a new financial partner to accompany the business through the next stage of its development

– Clarion was ideally placed for continued international expansion, through its experienced management team, strong organic growth profile and established international acquisition platform

– Clarion provided an opportunity to capitalise on continuing positive trends in its core markets including; deregulation in Gaming, resurgent spending in Defence & Security, emerging market growth in its Energy and TPL portfolios, and; continued strength in its Consumer and Trade position

– Arma Partners supported Clarion and its shareholders throughout the exit process, including assistance with financial analysis, strategic positioning, valuation, preparation of marketing materials, interactions with strategic and financial counterparties, and led negotiations on the transaction terms

– Arma Partners was able to generate significant competitive tension for the asset to enable a value optimising outcome

– Overall, Arma Partners assisted the management of Clarion and VSS and Trilantic to realise their strategic objectives, drawing on Arma’s extensive experience in the Media sector