Onex, Baring Private Equity to buy Thomson Reuters IP&S for $3.55 bln
Onex Corp and Baring Private Equity Asia said July 11 that they have agreed to buy the Intellectual Property & Science business ("IP&S") of Thomson Reuters for $3.55 billion. The deal includes an equity investment of about $1.6 billion for 100% ownership of IP&S. Onex’s portion is $1.2 billion, which will come from Onex Partners IV and certain LPs. Philadelphia-based IP&S is a collection of subscription-based businesses that includes Web of Science, Thomson CompuMark, Thomson Innovation, MarkMonitor, Cortellis and Thomson IP Manager. The company employs 4,100 people across more than 75 offices in over 40 countries. Latham & Watkins LLP is serving as legal advisor to Onex and Baring Asia on the transaction.
11 July 2016•4 mins read
