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The world's largest multinational corporations, top-tier international investment banks, private equity and hedge funds and entrepreneurs all rely on our Corporate Department to resolve their thorniest legal and business challenges. Our lawyers have earned high praise for their innovative approach to complex transactions and are recognized internationally as leaders in mergers and acquisitions, capital markets, finance and investment funds.

UBM to Acquire Advanstar for $972 Million

As reported in The Wall Street Journal, The New York Times and other media outlets, UBM plc announced that it has entered into a definitive agreement to acquire Paul, Weiss client Advanstar Communications for $972 million in cash. UBM is a U.K.-headquartered communications and events business. Advanstar operates 54 trade shows and over 100 conferences annually, including Magic Marketplace, the largest U.S. fashion trade show. The transaction, which is expected to close by year end, will make UBM the largest events business in the United States.

Advanstar is being sold by a consortium of private equity firms, including Anchorage Capital, Ares Management and Veronis Suhler Stevenson.

The Paul, Weiss team included corporate partners Thomas de la Bastide and Tarun Stewart and counsel Claudine Meredith-Goujon; tax partner David Mayo; employee benefits counsel Reuven Falik; real estate partner Mitchell Berg; and environmental counsel William O'Brien.

October 1, 2014

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