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iGaming event organiser Clarion acquired by Providence Equity

15th January 2015 11:28 am GMT

Clarion Events, the organiser of numerous high-profile gambling conferences and expos including ICE Totally Gaming and the Excellence in iGaming (EiG) summit, has been acquired by global asset management firm Providence Equity.

The transaction is rumoured to be valued in excess of £200m, with sources suggesting that Providence fought off competition from a number of rival bidders including conference and exhibition organiser ITE Group, and private equity firm Carlyle Group.

Providence ultimately won the process, outbidding Carlyle [...]

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