Slaughter and May is advising Advanstar Communications Inc., a leading U.S. media company providing integrated marketing solutions for the fashion, licensing, life sciences, and power sports industries, on the English law aspects of UBM plc's proposed acquisition of the Advanstar group for a total cash consideration of US$972 million (£599 million). UBM is a global, events-led marketing and communications services business.

UBM will finance the acquisition from the £563 million proceeds of a rights issue and a new US$100 million bridge facility.

The acquisition is subject to the approval of UBM's shareholders and is expected to complete by the end of 2014.

Slaughter and May supported Paul, Weiss, Rifkind, Wharton & Garrison LLP who is Advanstar's U.S. counsel.

CONTACTS

Corporate and Commercial: Stephen Cooke (partner), Alex Dustan (associate); Competition: Bertrand Louveaux (partner), Emma Waterhouse (associate)