Clifford Chance

Clifford Chance Advising Informa on the Sale of its Corporate Training Businesses to Providence Equity Partners

Clifford Chance is advising Informa plc, a leading academic publishing, business information and events group, in connection with the sale of its five corporate training businesses to an affiliate of Providence Equity Partners for total consideration of up to $180 million. Subject to certain adjustments, Informa will receive $100 million in cash and a $65 million loan note at closing, as well as an additional payment of up to $15 million in 2014 if the businesses achieve a certain level of revenue in 2013. The transaction is expected to close in the third calendar quarter of this year.

The Clifford Chance team advising Informa in connection with the transaction is being led by NY-based M&A partner Benjamin Sibbett, and includes NY-based partners Phillip Wagman (Tax) and Jason Young (Banking), NY-based counsel Robert Stone (Benefits), Vicky Manthas (Real Estate/Environmental), Daryl Fairbairn (Intellectual Property) and Tim Cornell (Antitrust/Competition), London-based M&A partner Steven Fox and other lawyers based in the firm's New York, Sydney, Düsseldorf, Hong Kong, Singapore and London offices.