Posts Under: Informa

Informa to Buy Penton for $1.56 Billion

NEW YORK, September 15, 2016 – MidOcean Partners (“MidOcean”), a premier middle market private equity firm, and Wasserstein & Co. (“Wasserstein”), a leading independent private equity and investment firm, today announced that they have entered into a definitive agreement to sell Penton, an innovative professional information services company, to Informa plc (“Informa”) for $1.56 billion. The consideration will consist of $1.46 billion of cash (plus adjustments) and $100 million of Informa stock. Under MidOcean and Wasserstein ownership, Penton has been significantly transformed from predominantly a print business into a preeminent professional information services company. Penton has successfully completed 13 acquisitions, creating scaled positions in growth-oriented sectors—including agriculture, transportation, natural products/food, infrastructure, and industrial design/manufacturing sectors. Today, Penton has seven of the top 250 ...

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Member News: Informa Buys Light Reading

UK-based Informa has acquired Light Reading, which provides digital information, marketing and events business serving the TMT community. Light Reading will join Informa’s Knowledge & Networking Division, which includes specialist content, data products and high quality “confexes” in several key verticals including TMT.

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