Onex, Baring to buy Thomson Reuters’ IP-science unit for $3.55 bln: Reuters
Thomson Reuters Corp said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for US$3.55 billion in cash, Reuters reported. The business being sold provides intellectual property and scientific information and associated tools and services to governments, universities and companies. Toronto-based Onex said the deal is expected to be funded with an equity investment of about US$1.6 billion. Onex’ portion of the investment (about US$1.2 billion) will be made by Onex Partners IV and certain co-investors.
11 July 2016•2 mins read
