WilmerHale Advises TechTarget in Strategic Combination with Informa Tech’s Digital Businesses

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WilmerHale Advises TechTarget in Strategic Combination with Informa Tech’s Digital Businesses

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On January 10, 2024, TechTarget, Inc. (NASDAQ: TTGT) and Informa PLC (LSE: INF.L), a FTSE-50 UK Group with a leading position in international B2B events, digital services and academic knowledge, announced that the companies have entered into a definitive agreement whereby Informa PLC will combine Informa Tech’s digital businesses with TechTarget to create a leading global platform in B2B Data and Market Access, focused on helping vendors in enterprise technology and other markets accelerate revenue growth.

Informa PLC will contribute its Informa Tech digital businesses and $350 million of cash in exchange for a 57% stake in the combined company. The $350 million of cash, or approximately $11.79 per outstanding TechTarget share, will be paid to existing TechTarget shareholders upon completion of the transaction. Existing TechTarget shareholders will also retain a 43% equity stake in the combined company, allowing them to participate in the long-term value creation of the combined company.

The WilmerHale M&A team was led by Joe Conahan and Andy Alin, and included Rebecca Nauta, Will Myer, Molly Nelson, Caroline Gieryn, Justin Flaumenhaft, Kyle Kessler, Sam Goldsmith and Sarah Litwin. The WilmerHale team also included: Craig Hilts, Alan Wilson, Andrew Langworthy and Ryan Brewer on capital markets matters; Kim Wethly, Scott Kilgore, Ciara Baker, Atul Jain and Shanelle Doher on employment and executive compensation matters; Julie Hogan Rogers and Ben Kelsey on tax matters; Stephen Gillespie, Aron Nimani and Sharon Baek on intellectual property, technology and licensing matters; Justin Ochs on debt finance matters; Kirk Nahra and Ali Jessani on privacy and cybersecurity matters; Hartmut Schneider, Carla Gilbertson and Álvaro Mateo Alonso on antitrust matters; Doug Burton, Paula Mercer, Robyn Casper and Armen Grigorian on real estate matters; and Jason Chipman, Barry Hurewitz, Jay Holtmeier, Marik String and Jon Weingart on regulatory matters. 

 

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