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Thomson Reuters acquires conference events company

Thomson Reuters Corp. has acquired business-to-business events company FC Business Intelligence Ltd.

The transaction marks an exit for U.K. private equity firm LDC (Managers) Ltd. LDC in August 2018 provided an investment in FC Business Intelligence through a management buyout.

Thomson Reuters will rebrand FC Business Intelligence as Reuters Events and operate it as part of its news division.

Financial terms of the deal were not disclosed.