Skip to main content

Ashurst and Morgan, Lewis & Bockius and have acted for media and B2B events organisation UBM in the $841 million sale of its PR Newswire business to U.S. news release service Cision.

Owned by private equity firm GTCR, Cision tapped Kirkland & Ellis and Trilegal as its legal counsel in the U.S. and India, respectively. Meanwhile, London-headquartered UBM turned to Kochhar & Co for advice on matters related to Indian law. 

The Morgan Lewis team, which handled the deal's U.S. aspects for UBM, was led by partners Charles Engros and Jonathan Morris. Corporate partners James Wood and Adrian Clark oversaw the transaction for Ashurst, which served as UBM's legal advisor.

K&E's team was headed by Stephen Ritchie, Mark Fennell and Christopher Butler while partner Chandrasekhar Tampi handled the deal for Kochhar & Co.

The deal includes $810 million in cash and preferred equity worth $31 million, according to UBM.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.