Informa To Help Finance $180M Unit Sale To Providence

Law360, New York (July 19, 2013, 1:52 PM EDT) -- Corporate publisher and events group Informa PLC is helping to finance the $180 million sale of its training division to Providence Equity Partners LLC, extending a $65 million vendor loan to the private equity firm as part of a deal, it announced Friday.

The purchase price includes $100 million in cash and a $65 million loan, which accrues in-kind interest for six and a half years, according to a press release. Informa is also eligible for up to $15 million in milestone payments next year....
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