The Blackstone Group, a global investment company, completed the acquisition of Clarion, one of the world's leading event's organisers, for £600m. "We are delighted to invest in Clarion and back Chairman Simon Kimble and CEO Russell Wilcox in the company’s next chapter. Clarion’s leading position in its markets combined with its strong management team will enable the company to continue growing both organically and through M&A. Blackstone has a significant track record of investing in media businesses as well as buy and build platforms. We look forward to working together with management to capitalise on its success," Lionel Assant, Blackstone Head of European Private Equity.