{
  "title": "Informa to Acquire Clarion for £2.24 Billion: ICE, IFA and DSEI Join the World’s Largest B2B Events Group",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/",
  "published": "2026-10-07T09:00:00Z",
  "updated": "2026-10-07T09:00:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "rows": [
    {
      "dataset": "key-figures",
      "id": "stat-ev",
      "label": "Enterprise value for Clarion",
      "value": "£2.24bn",
      "provenance": "disclosed",
      "note": "Stated by Informa on 6 October 2026, including some tax benefits.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-ev"
    },
    {
      "dataset": "key-figures",
      "id": "stat-usd",
      "label": "Enterprise value in US dollars",
      "value": "≈US$3.0bn",
      "provenance": "calculated",
      "note": "£2.24bn at the rate implied by Informa’s own £4.2bn/$5.7bn revenue figures (about 1.36).",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-usd"
    },
    {
      "dataset": "key-figures",
      "id": "stat-ebitda",
      "label": "Clarion’s implied 2027 EBITDA",
      "value": "≈£200M",
      "provenance": "calculated",
      "note": "£2.24bn divided by the disclosed 11.1x multiple.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-ebitda"
    },
    {
      "dataset": "key-figures",
      "id": "stat-revenue-multiple",
      "label": "EV to Clarion’s expected 2027 revenue",
      "value": "≈3.9x",
      "provenance": "calculated",
      "note": "£2.24bn divided by £575m. An upper bound, since revenue is guided at £575m or more.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-revenue-multiple"
    },
    {
      "dataset": "key-figures",
      "id": "stat-placing",
      "label": "Share of the price funded by new equity",
      "value": "≈42%",
      "provenance": "calculated",
      "note": "c.£940m placing divided by £2.24bn enterprise value.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-placing"
    },
    {
      "dataset": "key-figures",
      "id": "stat-synergy",
      "label": "Run-rate profit from synergies by 2029",
      "value": "£75M±",
      "provenance": "calculated",
      "note": "£50m± cost synergies plus £25m± operating profit from revenue synergies.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/#stat-synergy"
    },
    {
      "dataset": "key-facts",
      "id": "fact-1",
      "label": "Status",
      "value": "Agreed, 6 October 2026",
      "provenance": "disclosed",
      "note": "Completion expected towards the end of Q4 2026, subject to regulatory approvals.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-2",
      "label": "Enterprise value",
      "value": "£2.24 billion",
      "provenance": "disclosed",
      "note": "Including some tax benefits. Consideration paid in cash.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-3",
      "label": "Seller",
      "value": "Blackstone",
      "provenance": "disclosed",
      "note": "Clarion’s CEO will roll part of her Clarion equity into Informa shares.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-4",
      "label": "Multiple",
      "value": "11.1x 2027 EBITDA",
      "provenance": "disclosed",
      "note": "About 9x after cost synergies and about 8x after revenue synergies.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-5",
      "label": "Funding",
      "value": "Debt plus c.£940m placing",
      "provenance": "disclosed",
      "note": "Placing of c.9% of share capital, plus a RetailBook retail offer. Buyback paused.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "fact-6",
      "label": "Gaming",
      "value": "ICE and iGB",
      "provenance": "disclosed",
      "note": "Informa calls ICE, in Barcelona, the global leader in gaming events.",
      "sources": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/ | https://www.icegaming.com/ | https://www.clarionevents.com/",
      "permalink": "https://www.acquiry.com/deal-intelligence/informa-to-acquire-clarion-for-2-24-billion/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "Growth, Focus and International Expansion: Informa PLC Company Update",
      "href": "https://www.informa.com/media/press-releases-news/latest-news/growth-focus-and-international-expansion/",
      "publisher": "Informa",
      "date": "6 October 2026",
      "isoDate": "2026-10-06",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "ICE: the world’s leading gaming event",
      "href": "https://www.icegaming.com/",
      "publisher": "Clarion Gaming",
      "date": "Retrieved 7 October 2026",
      "isoDate": "2026-10-07",
      "kind": "Company website"
    },
    {
      "id": "s3",
      "title": "Clarion Events",
      "href": "https://www.clarionevents.com/",
      "publisher": "Clarion",
      "date": "Retrieved 7 October 2026",
      "isoDate": "2026-10-07",
      "kind": "Company website"
    },
    {
      "id": "s4",
      "title": "Informa press releases and news",
      "href": "https://www.informa.com/media/press-releases-news/",
      "publisher": "Informa",
      "date": "Retrieved 7 October 2026",
      "isoDate": "2026-10-07",
      "kind": "Press releases"
    }
  ]
}