The private equity consortium consisting of Providence Equity Partners, Carlyle Group and Blackstone Group has withdrawn its offer of B2B publisher Informa.
The consortium said in a statement this morning that ‘a material change of circumstances’was one of the reasons behind the decision. it added that reserves the right to make another offer within the next six months.
Informa chairman Derek Mapp said: “Informa has attractive future prospects and is continuing to deliver growth across the business even in the face of a weaker economic environment. We have a first-class management team to drive the business forward.”
Earlier this week Press Gazette publisher Wilmington announced it had terminated talks of a takeover.