Clarion Events’ Acquisition of PennWell Corporation

Olshan client Clarion Events, one of the world’s leading event organizers, closed on the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma.

Clarion Events finalized the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma, USA. Clarion is owned by funds managed by Blackstone, one of the world’s leading investment firms.

The acquisition brings together two of the industry’s most well-respected names to create one of the largest events companies in the world.  It also marks the latest in a series of global acquisitions by Clarion, which includes its 2015 purchase of Urban Expositions, now rebranded as Clarion UX.

Clarion’s portfolio of leading exhibition, conference and media brands, earned the company the “Most Respected Company for 2017” accolade from the UK’s Association of Event Organisers.  Clarion announced in February it had acquired Hong Kong-based Global Sources, a leading events organiser and on-line B2B marketplace operator.
With 550 employees, PennWell organizes and manages more than 40 exhibitions and conferences around the world. The company also has 130 media properties and provides quality content and integrated marketing solutions for industries that include energy, fire and emergency services, dental and industrial technology.

Clarion Events Limited offers marketing services for consumer and business-to-business events. The company, led by Simon Kimble,
Russell Wilcox and Martin Hopcroft, is based in London.

Olshan attorneys leading this transaction include Robert Friedman (Picture), Kenneth Silverman, Claudia Dubon, James Foley and Madison Wiles-Haffner on corporate matters, Mark Limardo, Jason Tomitz and Anna Plavin on tax matters, Stephen Ferszt on employee benefits matters, Michael Passarella on employment matters, Thomas Kearns, Kira Krimkevich and Genta Stafaj on real estate matters, Andrew Lustigman, Tamara Carmichael, Mary Grieco and Safia Anand on intellectual property matters and Jeremy King on insurance matters.

 

Involved fees earner: Robert Friedman – Olshan Frome Wolosky LLP; Kenneth Silverman – Olshan Frome Wolosky LLP; Claudia Dubón – Olshan Frome Wolosky LLP; James Foley – Olshan Frome Wolosky LLP; Madison Wiles-Haffner – Olshan Frome Wolosky LLP; Mark Limardo – Olshan Frome Wolosky LLP; Jason Tomitz – Olshan Frome Wolosky LLP; Anna Plavin – Olshan Frome Wolosky LLP; Stephen Ferszt – Olshan Frome Wolosky LLP; Michael Passarella – Olshan Frome Wolosky LLP; Thomas Kearns – Olshan Frome Wolosky LLP; Kira Krimkevich – Olshan Frome Wolosky LLP; Genta Stafaj – Olshan Frome Wolosky LLP; Andrew Lustigman – Olshan Frome Wolosky LLP; Tamara Carmichael – Olshan Frome Wolosky LLP; Mary Grieco – Olshan Frome Wolosky LLP; Safia Anand – Olshan Frome Wolosky LLP; Jeremy King – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Clarion Events Limited;

 

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Author: Ambrogio Visconti