Gartner $3.3 billion acquisition of CEB

Overview:

• IT research firm Gartner has acquired best practice insight company CEB in a $3.3 billion deal.
• In addition to paying $2.6 billion in cash and stock, Gartner assumed CEB's debt.
• The newly formed company will serve clients across 100 different jurisdictions.
• Evercore and Goldman Sachs acted as financial advisers for Gartner.
• CEB's financial advisers were Centerview and Allen & Company.
• The transaction is expected to close in the first half of 2017.

Kurt Stumpo - Journalist