Ascential Acquires Clavis Insight

Ascential Acquires Clavis Insight

 

Fried Frank acted as counsel to Ascential plc (LSE: ASCL.L), a global business-to-business information company, on its acquisition of Clavis Insight for an initial cash consideration of US$119 million paid in December 2017 plus future earnout payments payable over three years. The total consideration is capped at US$219 million and a portion of the earnout is subject to the founders remaining employed by the company. Clavis is an Ireland-based eCommerce analytics company with proprietary technology enabling consumer product companies to track and optimize the performance of their products globally across hundreds of retailer websites and mobile commerce sites.
 

The Fried Frank team was led by corporate partners Philip Richter and Dan Oates and included antitrust and competition partner Tobias Caspary; executive compensation & ERISA partners Adam Kaminsky and Jeffrey Ross; tax partners Michael J. Alter and Nick Thornton; corporate special counsel Simon Saitowitz; executive compensation & ERISA special counsel Joshua S. Gelfand; corporate associates Charles Cooper-Isow, Matthew Martindale, Chiraag Patel, and Maxwell Yim; tax associates Thomas Bramall and Will Gay; and corporate trainee associate Rebecca Harris.

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