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Informa confirms $4.3bn approach by Providence, Carlyle, Hellman & Friedman

04/07/2008Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityInforma, the UK-based media and conference firm, has confirmed that it has received a buy-out proposal from a consortium comprised of Providence Equity, The Carlyle Group and Hellman & Friedman.

Informa said the proposal, at 506 pence per Informa ordinary share, was made on 26 June 2008 but added that there is no certainty that an offer will be made.

'Discussions continue to be at an early stage and there can be no certainty that an offer will be made,' Informa said in a statement.

Informa owns more than 2,000 publications including the Lloyd's List maritime newspaper.

US-based Providence already owns media assets such as Warner Music Group. Carlyle together with Hellman & Friedman invested in Dutch media conglomerate VNU.

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