Clarion Events, which owns interiors industry events including the January Furniture Show, Manchester Furniture Show, Top Drawer and Home & Gift, is to be acquired by international B2B live events group Informa, "bringing together two highly complementary organisations with a shared commitment to growth, innovation and customer value".
Clarion says the combination will "create new opportunities to accelerate growth across the portfolio, expand into priority markets, further develop data and digital capabilities, and enhance the value delivered to customers, partners and the industries that both organisations serve", and that it becoming part of a larger global organisation will provide brands with "access to increased scale, investment, capabilities and international reach".
Lisa Hannant, CEO of Clarion Events, says: "This marks an important new chapter for our business. We have built a portfolio of market-leading brands, established strong positions in attractive markets and created a culture that is recognised across our industry.
"Informa's decision to invest in Clarion is a recognition of the quality of our business, our brands and our people. This is a moment to recognise the outstanding contribution of our teams. Their passion, expertise and commitment have helped build the successful business that Informa is investing in today.
"Together, we see significant opportunities to accelerate growth, expand our reach and continue investing in the products, services and experiences that create value for our customers and communities around the world.
"We are grateful to Blackstone for their support and stewardship over the years, helping us invest in our people, our brands and our long-term growth."
Stephen A Carter, Informa Group CEO, adds: "Clarion is home to world-class B2B brands and talent. We share the same focus on serving major, specialist and international markets and delivering impact and value to our customers and partners. We’re excited to bring Clarion’s brands and teams into the Informa group and to further grow and expand our leading international B2B Live Events business.”
Lionel Assant, global co-CIO, Blackstone, notes: “Since our original investment in Clarion Events in 2017, our ambition has been to build a truly global leader in events and exhibitions. Together with the outstanding Clarion management team led by Lisa Hannant, we are proud to have created a platform with significant scale, breadth and international reach. As demand for global events continues to grow, we believe Informa is the ideal partner for Clarion’s next chapter, combining global reach, deep industry expertise and a shared focus on delivering exceptional experiences for customers.”
For customers, exhibitors, sponsors, partners and suppliers, business will continue as usual, says Clarion.
The transaction is subject to customary regulatory approvals and closing conditions.
Pictured: January Furniture Show is the UK's biggest furniture exhibition
