Baring Asia, Onex to list Clarivate through reverse merger
Baring Private Equity Asia will list Clarivate Analytics – an education business it acquired from Thomson Reuters in conjunction with Onex Corporation – through a merger with a special purpose investment vehicle that trades in New York.
The transaction implies an enterprise valuation of $4.2 billion. Clarivate was bought for $3.5 billion in July 2016, including $1.6 billion in equity. Baring contributed $400 million, with the remaining...
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