Tuesday 4 August 2020

Dubai fund, Blackstone eye UK media group

London, July 30, 2008

A Dubai sovereign wealth fund has teamed up with private equity group Blackstone and others in a bid to buy British media group Informa, the Financial Times said on Wednesday.

A consortium of private equity groups Providence Equity Partners, Carlyle and Hellman & Friedman have been in talks to buy Informa for about 3.2 billion pounds ($6.4 billion). But the newspaper said Hellman & Friedman had walked away.

It said the Dubai World Trade Centre, one of the biggest events organisers in the Middle East, is seeking to buy Informa’s IIR conference and events division.

Blackstone and other private equity groups, possibly including Permira, would keep Informa’s Taylor & Francis acedemic publishing division, while seeking trade buyers for other units, such as the Datamonitor business information arm, it said.

None of the parties could immediately be reached for comment.-Reuters

Tags: Informa | Dubai group | buy | Blackstone |

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