trending Market Intelligence /marketintelligence/en/news-insights/trending/ZIv5Rw_s1oG-sS0Om8SAKw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Platinum Equity affiliate to acquire Cision for $2.74B

US Operators Bolster Downward Trajectory for US Cable Capex Forecast

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

CUSIP Requests Surge in September Led by Higher Corporate and Municipal Totals

Platinum Equity affiliate to acquire Cision for $2.74B

An affiliate of private equity firm Platinum Equity LLC agreed to acquire Cision Ltd. in an all-cash transaction valued at about $2.74 billion.

Under the agreement, Platinum Equity will acquire all the outstanding ordinary shares of Cision for $10 per share in cash. Equity financing will be provided by investment funds managed, advised or sponsored by Platinum Equity. Platinum Equity has secured committed debt financing for the transaction from Bank of America Merrill Lynch.

The Cision board unanimously approved the deal. A special meeting of Cision's shareholders will be held following the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission and subsequent mailing to its shareholders. Cision may solicit alternative acquisition proposals from third parties during a "go-shop" period from the date of the agreement until Nov. 12.

Certain affiliates of private equity firm GTCR LLC collectively holding about 34% of the outstanding shares of Cision, entered into a voting agreement committing them to, among other things, vote in favor of adopting the acquisition agreement.

The proposed transaction is expected to close in the first quarter of 2020 and is subject to approval by Cision's shareholders, along with the satisfaction of customary closing conditions and antitrust regulatory approvals. Upon completion of the acquisition, Cision will be wholly owned by an affiliate of Platinum Equity.

Rothschild & Co. is serving as lead financial adviser to Cision and its board. Centerview Partners LLC and Deutsche Bank Securities Inc. are also acting as financial advisers to Cision. Kirkland & Ellis LLP is acting as legal counsel to Cision, and Gibson Dunn & Crutcher LLP is acting as M&A legal counsel and Willkie Farr & Gallagher LLP is acting as financing legal counsel to Platinum Equity.

Cision is a global provider of software and services to public relations and marketing communications professionals.