Monday, February 25, 2008

Clarion Call for Reed Defence

On Friday (I missed it!), HG Capital realised its investment in Clarion Events for £120m - nearly three times the price they paid four years ago and around 2.5 times turnover ( although Clarion has bought some shows in the meantime so its hard to work out the return rate. The buyer is Veronis Suhler who according to this article on Thomson Merger News, will also buy the defence shows from Reed.

So, the delay was the result of waiting for a back to back.

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