From Yahoo Finance: 2025-05-20 08:18:00

Private equity firm Blackstone has put Clarion Events up for sale, testing takeover demand amid market turmoil. Blackstone bought Clarion in 2017 for 600 million pounds and has attracted interest from firms like CVC, KKR, and Hillhouse. The company could be valued around 2 billion pounds, making it a significant asset.

Clarion, known for hosting international trade shows, has seen revenue growth, reaching 432.9 million pounds. Blackstone’s decision to sell comes after monitoring economic pressures and managing cashflows. Investor sentiment has improved after the U.S. and China agreed to reduce tariffs temporarily, sparking recovery in share benchmarks.

Despite interest from potential buyers, there is no guarantee a deal will be reached. Recent successful deals, such as Prada’s acquisition of Versace and KKR’s purchase of OSTTRA, indicate a positive trend in the market. Clarion’s revenue jump to 432.9 million pounds reflects the industry’s return to normalcy in China and Hong Kong.

Read more: Blackstone launches Clarion sale as markets stabilise, sources say