Clarion Events is in advanced talks to acquire Consero as owner Blackstone injects a further £20m (approx. $27m) of equity to help its post-pandemic strategy, Sky News understands.
The company behind the London International Horse Show is close to acquiring a leading organiser of one-to-one meetings for senior executives, as the industry continues its recovery from the pandemic.
Sky News understands that Clarion Events, which is majority-owned by the private equity giant Blackstone, is about to buy Consero, which specialises in in-person and virtual events for legal and human resources executives.
The deal, which is expected in the coming days, comes as Blackstone invests another £20m (approx. $27m) of equity into the Clarion business to support its evolving post-pandemic business model.
Blackstone acquired Clarion Events in 2017 in a £600m (aprox $810m) deal, injecting roughly £80m (aprox $110m) into the business a year ago to help it weather the impact of the COVID-19 crisis.
Read more/Source: Sky news
