Clarivate completes divestiture of MarkMonitor to Newfold Digital for $302.5M

CLARIVATE PLC

Sale price $302.5M; $10.6M expected from deferred closings in foreign jurisdictions.
Net proceeds to be used to reduce outstanding debt.
Divestiture allows Clarivate to focus on core intellectual property portfolio (IP lifecycle management and IP intelligence).
Previously announced on September 12, 2022; Evercore and Blank Rome advised Clarivate.

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