Ascential’s Acquisition of Clavis Insight


Fried Frank acted as counsel to Ascential plc (LSE: ASCL.L), a global business-to-business information company, on its acquisition of Clavis Insight for an initial cash consideration of US$119 million paid in December 2017 plus future earnout payments payable over three years. The total consideration is capped at US$219 million and a portion of the earnout is subject to the founders remaining employed by the company.

Clavis Insight, a leading eCommerce insight provider for product manufacturers, announced its acquisition by Ascential plc, an international, business-to-business information company. Ascential is listed on the London Stock Exchange and is a FTSE 250 company.

Clavis Insight will form a part of Ascential’s Information Services division alongside One Click Retail. One Click Retail, based in the US, provides accurate sales and share estimates at SKU level to help major brands optimize their eCommerce activities, particularly on Amazon.

The integration of the two businesses will create an enormous opportunity to provide customers with one of the most comprehensive, accurate and actionable eCommerce insights and analytics solutions across online retailer sites worldwide.

The Fried Frank team was led by corporate partners Philip Richter (Picture) and Dan Oates and included antitrust and competition partner Tobias Caspary; executive compensation & ERISA partners Adam Kaminsky and Jeffrey Ross; tax partners Michael J. Alter and Nick Thornton; corporate special counsel Simon Saitowitz; executive compensation & ERISA special counsel Joshua S. Gelfand; corporate associates Charles Cooper-Isow, Matthew Martindale, Chiraag Patel, and Maxwell Yim; tax associates Thomas Bramall and Will Gay; and corporate trainee associate Rebecca Harris.

Involved fees earner: Philip Richter – Fried Frank Harris Shriver & Jacobson; Dan Oates – Fried Frank Harris Shriver & Jacobson; Simon Saitowitz – Fried Frank Harris Shriver & Jacobson; Charles Cooper-Isow – Fried Frank Harris Shriver & Jacobson; Matthew Martindale – Fried Frank Harris Shriver & Jacobson; Chiraag Patel – Fried Frank Harris Shriver & Jacobson; Maxwell Yim – Fried Frank Harris Shriver & Jacobson; Tobias Caspary – Fried Frank Harris Shriver & Jacobson; Adam Kaminsky – Fried Frank Harris Shriver & Jacobson; Jeffrey Ross – Fried Frank Harris Shriver & Jacobson; Joshua Gelfand – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Nick Thornton – Fried Frank Harris Shriver & Jacobson; Thomas Bramall – Fried Frank Harris Shriver & Jacobson; Will Gay – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Ascential plc ;