City A.M. understands that US private equity firm Blackstone, which owns stakes in businesses such as fashion house Versace and camera brand Leica, is set to buy Clarion Events for around £600m.
Blackstone Press Release: London, July 24, 2017 – Private equity funds managed by Blackstone (“Blackstone”) announce the acquisition of Clarion Events, one of the world’s leading independent events organisers, from private equity funds managed by Providence Equity Partners (“Providence”).
The organiser of some of Britain’s biggest shows, including the House & Garden Festival and Olympia Horse Show, has been put up for sale with a £600 million price tag.
Clarion, organiser of more than 200 leading events worldwide, has been sold to global asset management firm Providence Equity
