GTCR-backed Cision merges with Capitol Acquisition Corp. III

Cision, a GTCR portfolio company, is merging with Capitol Acquisition Corp. III, a blank check company from Mark Ein. Cision will own 68 percent of the combined company once the deal closes, while Capital will own 32 percent. Cision, a public relations software provider, will become publicly listed with the deal and have an initial enterprise value of about $2.4 billion. Citigroup Global Markets Inc, Deutsche Bank Securities Inc and Credit Suisse served as financial and capital markets advisors to Capitol. PJT Partners served as financial advisor to Cision. Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol while Kirkland & Ellis LLP acted as legal advisor to Cision.

DealsNorth AmericaUSBriefs