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Avellum Advises Onex and Baring Asia on Acquisition of Thomson Reuters’ Intellectual Property & Science Business

Avellum Advises Onex and Baring Asia on Acquisition of Thomson Reuters’ Intellectual Property & Science Business

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Avellum, working alongside lead legal counsel to Latham & Watkins, has acted as Ukrainian legal counsel to Onex Corporation and Baring Private Equity Asia (“Baring Asia”) in connection with their USD 3.55 billion acquisition of Thomson Reuters’ Intellectual Property & Science Business. Allen & Overy reportedly advised Thomson Reuters on the deal.

Thomson Reuters’ Intellectual Property & Science Business will be known as Clarivate Analytics going forward, and will continue to own and operate a collection of subscription-based businesses focused on scientific and academic research, patent analytics and regulatory standards, pharmaceutical and biotech intelligence, trademark protection, domain brand protection, and intellectual property management. The company's brands include Web of Science, Cortellis, Thomson Innovation, Derwent World Patents Index, Thomson CompuMark, MarkMonitor, Techstreet, and Thomson IP Manager, among others.

Avellum describes Onex as "one of the oldest and most successful private equity firm," and reports that Onex has USD 36 billion in assets, generates annual revenues of USD 23 billion, and employs approximately 145,000 people worldwide." Onex has offices in Toronto, New York, New Jersey, and London and its shares trade on the Toronto Stock Exchange.

Baring Asia is one of the largest independent alternative asset management firms in Asia with total investments and committed capital of over USD10 billion. Baring Asia currently has over 35 portfolio companies active across Asia with a total of 150,000 employees and sales of approximately USD31 billion in 2015.

The Avellum team was led by Managing Partner Mykola Stetsenko, with support from Associates Andriy Romanchuk, Yuriy Zaremba, Dmytro Tkachuk, and Oleksii Maslov.

Allen & Overy did not reply to our inquiries on the matter.