Informa to Separate Academic Business; Buys Clarion Events for $2.96 Billion
Informa plans to separate its academic business, Taylor & Francis, and acquire business-to-business live events company Clarion Events for an enterprise value of 2.24 billion pounds ($2.96 billion).
The Move
The events and academic-publishing group intends to focus on its core business-to-business arm following the separation of Taylor & Francis, which is approaching $1 billion in revenue. Informa will review all options to support the academic business and publish outcomes in March.
Background
This planned separation coincides with Informa's expansion through the purchase of Clarion from Blackstone.
Key Takeaways
- Enterprise Value: $2.96 billion
- Revenue (Taylor & Francis): Approximately $1 billion
- Separation Review: Outcomes to be published in March
- Focus: Core business-to-business arm