Providence Equity to Buy 5 Corporate Training Units from Informa for $180 Mln

Informa plc said Friday it has agreed to sell five Corporate Training businesses to Providence Equity Partners for a total consideration of up to $180 million. The initial $165 million includes $100 million in cash plus a $65 million vendor loan. Informa will get another $15 million in 2014 if the businesses achieve a certain level of revenue by 2013. Moelis & Co. advised Informa. Switzerland-based Informa is an academic publishing, business information and events group.

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