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Morgan Lewis Advises UBM plc in $841M PR Newswire Sale

NEW YORK and LONDON, Dec. 15, 2015 (GLOBE NEWSWIRE) -- Morgan Lewis client UBM plc, one of the world's leading B2B events organizers, today announced that it has reached an agreement for the sale of PR Newswire to Cision, a business controlled by GTCR Canyon Holdings (Cayman), L.P., for $841 million, comprising $810 million in cash and $31 million of preferred equity (on a fair value basis).



The Morgan Lewis team representing UBM in this matter was led by partners Charles Engros and Jonathan Morris and associates Andrew Milano and Allison Gargano. Team members included partners Tom Cartwright, Min Duan, Terrence Dugan, and Philip Dowsett; of counsel Kathleen Martin and Jason Rodriguez; associates Felipe Alice, Brian Clement, Annie Heiss, Blair Broser, Melissa Grosett, and Jonathan Wilcon; partner Gary Rothstein and associates Gina Laurieo, Lauren Ridley, and Amber Roberts; partners Harry Robins and Izzet Sinan, as well as associate Martin D'Halluin; partners Paul Beausang, Charles Bogle, Richard Zarin, and Karen Butcher; associate Joseph Washington; partner David McManus; associate Andriette Roberts; and partner Judy Walkoff.

To read a press release issued by UBM regarding the transactions click here.

About Morgan, Lewis & Bockius LLP

Founded in 1873, Morgan Lewis offers more than 2,000 lawyers, patent agents, benefits advisers, regulatory scientists, and other specialists—in 28 offices across the United States, Europe, Asia, and the Middle East. The firm provides comprehensive litigation, corporate, transactional, regulatory, intellectual property, and labor and employment legal services to clients of all sizes—from globally established industry leaders to just-conceived start-ups. For more information about Morgan Lewis or its practices, please visit us online at www.morganlewis.com.

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=38179

CONTACT: Elliott Frieder Director, Public Relations & Communications +1.212.309.6809 efrieder@morganlewis.com

Source:Morgan, Lewis & Bockius LLP