Source: Legal Desire
Clifford Chance has announced its role in advising long-time client Informa (LSE: INF.L) on its definitive agreement to combine Informa Tech’s digital businesses with TechTarget (Nasdaq: TTGT). This strategic move creates a leading US-listed platform in B2B data and market access, uniting Informa’s market insights with TechTarget’s purchase intent expertise.
Key elements of the transaction include:
- 57% stake for Informa: Informa contributes its digital businesses and $350 million in exchange for a controlling interest in the combined entity.
- Existing TechTarget shareholders retain 43% stake: A testament to the strategic value recognized by both sides.
- Cross-border, multi-practice Clifford Chance team: Led by M&A partners and supported by specialists across various legal disciplines.
- Builds on existing relationship: Following Clifford Chance’s successful collaboration on Informa’s Winsight acquisition.
Existing stockholders of TechTarget will retain a 43% stake in the combined company. The combination will create a leading US-listed platform in B2B data and market access.
M&A partners Benjamin Sibbett, John Healy (New York) and Jonathan Bobinger (Houston), and associate Christine Kim (New York) are leading the cross-border, multi-practice Clifford Chance team advising Informa on the transaction.
Read full article: https://legaldesire.com/clifford-chance-advising-informa-on-strategic-combination-with-techtarget/
