Blackstone, the personal fairness large, has employed certainly one of Wall Avenue’s main banks to promote the company occasions enterprise which runs among the world’s largest commerce reveals.
The sale course of is scheduled to get underway throughout the second quarter of 2025.
Clarion runs main worldwide commerce reveals in sectors comparable to defence, shopper electronics and gaming.
It has expanded considerably since Blackstone purchased the corporate in 2017 in a £600m deal.
The personal fairness group injected further capital into Clarion throughout the pandemic, when a collection of lockdowns left your complete occasions business fearing for its future.
For Clarion, these considerations have been exacerbated by the size of its presence in China, the place Covid-19 restrictions have been notably draconian.
Clarion, which was based almost 80 years in the past, employs near 2,000 individuals.
An public sale course of subsequent 12 months will come amid a resurgence in dealmaking within the company occasions sector, with Ascential – proprietor of the Cannes Lions promoting pageant – lately agreeing a sale to Informa.
Blackstone declined to remark.
