IFLR1000

Onex/Baring Private Equity Asia $3.55 billion acquisition of Thomson Reuters IP & Science unit

13/7/2016
Acquisition finance, Private acquisition
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$ 3.55 billion

Completed

13/7/2016

Overview:

  • Onex Corporation and Baring Private Equity Asia have acquired the intellectual property and science business unit of Thomson Reuters for $3.55 billion.
  • The division has 3200 employees and generated revenue of $1 billion in 2014.
  • Guggenheim Securities and JPMorgan Securities were financial advisers to Thomson Reuters.

Sam Duke - Editor

Jurisdictions:

Canada
United States
Hong Kong SAR

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Private equity
M&A

Industry sectors:

Media
Technology and telecommunications

Firms:
Allen & Overy

Party: Thomson Reuters (Seller)

Fried Frank Harris Shriver & Jacobson

Party: Credit Suisse Securities (Lender)

Lawyers: Brian Murphy, Jons Lehmann

Latham & Watkins

Party: Baring Private Equity (Acquirer)

Party: Onex Corporation (Acquirer)

Lawyers: Jeffrey Chenard, Paul Sheridan, Peter Harwich, Rachel Sheridan, Shagufa Hossain, Shaun Hartley

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