Clarivate $6.8 billion combination with CPA Global
Davis Polk is advising Clarivate Plc on its approximately $6.8 billion combination with CPA Global. In the all-stock transaction, CPA Global shareholders will receive approximately 218 million Clarivate ordinary shares, representing 35% pro forma fully diluted ownership of Clarivate. The transaction, which is expected to close in the fourth quarter of 2020, is subject to customary closing conditions, including regulatory approvals.
Clarivate is a global leader in providing trusted information and insights to accelerate the pace of innovation. Clarivate offers subscription and technology-based solutions coupled with deep domain expertise that cover the entire lifecycle of innovation – from foundational research and ideas to protection and commercialization. CPA Global is a global leader in intellectual property software and tech-enabled services, serving over 12,000 law firm and corporate customers every day.
The Davis Polk corporate team includes partners Joseph A. Hall and Daniel Brass and associates Michael Gilson and Rachel Schlosser. Associate Dan Gibbons is providing capital markets advice. The finance team includes partner Sartaj Gill and associate Jack Orford. Partner Michael Mollerus is providing tax advice. Partner Kyoko Takahashi Lin is providing executive compensation advice. Partner Jesse Solomon is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.