Kochhar & Co. Advised UBM Plc. on US $ 841 Million Sale of its PR Newswire (PRN) Business to Cision.

Deals & Matters
10 August 2016

UBM Plc, one of the world’s leading media and B2B events company sold its worldwide PR Newswire business to Cision for USD 841 million. Cision is backed by Chicago based private equity firm GTCR and its affiliate GTCR Canyon Holdings (Cayman), L.P.

Kochhar & Co. was the counsel advising UBM Plc on the Indian leg of the transaction that entailed the transfer of the PR Newswire division of UBM India Private Limited to Cision. The Firm worked closely with UBM Plc and its global counsels in respect of all Indian law matters relating to the transaction including structuring, negotiations, review, and finalization of the transaction documents, advising on taxation issues, assignment of intellectual property rights and transfer of employees.