Cision $841 million acquisition of PR Newswire

16/6/2016

Private acquisition

Value:

$ 841 million

Status:

Completed

Date:

16/6/2016

Overview:

Cision has completed its $841 million acquisition of fellow media company PR Newswire from London-based UBM.
Cision is owned by private equity firm GTCR.
The deal was first announced in December, 2015.

Kurt Stumpo - Journalist

Jurisdictions:

United States
United Kingdom
Channel Islands: Jersey

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Media

Firms:

Ashurst

Party: UBM (Seller)

Kirkland & Ellis

Party: Cision (Acquirer)

Lawyers: Mark Fennell, Stephen Ritchie

Kochhar & Co

Party: UBM (Seller)

Lawyer: Chandrasekhar Tampi

Morgan Lewis & Bockius

Party: UBM (Seller)

Lawyers: Charles Engros Jr, Jonathan Morris

Ogier

Party: UBM (Seller)

Lawyers: Alexander Curry, Simon Dinning

Trilegal

Party: Cision (Acquirer)

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