With proposed acquisition of L'Argus de la Presse, Cision
strengthens its ability to enable world-class companies to monitor
the performance of their media coverage in France.
CHICAGO and PARIS, June 13,
2017 /CNW/ -- Cision and Capitol Acquisition Corp. III
(NASDAQ: CLAC) ("Capitol") announced today that Cision has entered
into a definitive agreement to acquire L'Argus de la Presse
("Argus"), a Paris-based provider
of media monitoring solutions. The acquisition offers the
opportunity to deliver Argus' corporate and PR agency customers the
Cision Communications Cloud™, the leading platform for
communicators to identify relevant influencers, craft unified
campaigns, and measure earned media performance. The acquisition
will also give Cision's existing global customer base enhanced
access to French media content, helping them understand and
quantify the impact of their communications and media coverage in
France.
"Communicators and PR professionals in France are harnessing the power of earned
media and modern communications to deliver better business
outcomes," said Kevin Akeroyd, CEO
of Cision. "By adding Argus' robust media monitoring to the Cision
Communications Cloud, communicators in France and around the world who use Cision can
better understand the reach and relevance of their media
coverage."
"By connecting with Cision's comprehensive portfolio of
solutions for media database, monitoring and press release
distribution, this acquisition expands the value Argus can bring to
our customers and employees," said Alexis Donot, CEO of L'Argus de
la Presse. "With Cision's commitment to earned media innovation,
this acquisition will also strengthen the resources we can bring to
our core media monitoring solutions in France, helping customers maximize the quality
of their media analysis."
Cision will acquire 100% of the outstanding shares of Argus with
€9 million paid at closing and up to €2 million paid over the next
four years. The upfront portion of the purchase price will be
funded with cash on hand or borrowings from Cision's revolving
credit facility and is subject to customary working capital
adjustments.
The transaction is expected to close during the second or third
quarter of 2017 and is subject to customary closing conditions.
About Cision
Cision is a leading media communication technology and analytics
company that enables marketers and communicators to effectively
manage their earned media programs in coordination with paid and
owned channels to drive business impact. As the creator of the
Cision Communications Cloud™, the first-of-its-kind earned media
cloud-based platform, Cision has combined cutting-edge data,
analytics, technology and services into a unified communication
ecosystem that brands can use to build consistent, meaningful and
enduring relationships with influencers and buyers in order to
amplify their marketplace influence. For more information, visit
www.cision.com or follow @Cision on Twitter.
About Capitol Acquisition Corp. III
Capitol Acquisition Corp. III is a public investment vehicle
formed for the purpose of effecting a merger, acquisition or
similar business combination. Capitol is led by Chairman and Chief
Executive Officer Mark D. Ein, and
President and Chief Financial Officer L.
Dyson Dryden. Capitol's securities are quoted on the Nasdaq
stock exchange under the ticker symbols CLAC, CLACW and CLACU. The
company, which raised $325 million of
cash proceeds in an initial public offering in October 2015, is Capitol's third publicly traded
investment vehicle. The first, Capitol Acquisition Corp., created
Two Harbors Investment Corp. (NYSE: "TWO"), a leading mortgage real
estate investment trust (REIT) and the second, Capitol Acquisition
Corp. II, merged with Lindblad Expeditions, Inc. (NASDAQ: "LIND"),
a global leader in expedition travel.
Additional Information
Capitol Acquisition Holding Company Ltd. ("Holdings") has filed
with the SEC a registration statement on Form S-4 (File No.
333-217256) (the "Registration Statement"), which includes a
preliminary proxy statement of Capitol, and a preliminary
prospectus with respect to Holdings' securities to be issued in
connection with the proposed business combination. Capitol plans to
mail to its stockholders a definitive proxy statement/prospectus
with respect to Holdings' securities to be issued in connection
with the business combination. SECURITY HOLDERS ARE URGED AND
ADVISED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS CAREFULLY
WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION ABOUT CAPITOL, HOLDINGS, CISION, THE BUSINESS
COMBINATION AND RELATED MATTERS. Investors and security holders may
obtain free copies of the Registration Statement, and the
definitive proxy statement/prospectus (when they become available)
and other relevant materials and any other documents filed by
Capitol or Holdings with the SEC free of charge at the SEC's web
site at www.sec.gov. In addition, shareholders will be able to
obtain free copies of the Registration Statement by directing a
request to: Capitol Acquisition Corp. III, 509 7th
Street NW, Washington, DC 20004 or
by emailing info@capitolacquisition.com; and/or on Cision's website
at www.cision.com or by directing a written request to Cision,
130 East Randolph St., 7th Floor, Chicago, IL 60601 or by emailing
askcision@cision.com.
Participants in the Solicitation of Capitol
Stockholders
Capitol and Cision and its affiliates and their respective
directors and executive officers, under SEC rules, may be deemed to
be participants in the solicitation of proxies of Capitol's
stockholders in connection with Cision's proposed combination with
Capitol. Investors and security holders may obtain more detailed
information regarding the names and interests in the proposed
transaction of Capitol's directors and officers in Capitol's
filings with the SEC, including Capitol's Annual Report on Form
10-K for the fiscal year ended December 31,
2016, which was filed with the SEC on March 10, 2017. Additional information regarding
the interests of participants in the solicitation of proxies in
connection with the proposed business combination is included in
the Registration Statement filed by Holdings.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of Capitol, nor shall there be any sale of any such securities in
any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
Forward Looking Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Actual results
may differ from expectations, estimates and projections and,
consequently, you should not rely on these forward looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions are
intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Capitol and Cision
caution readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Capitol and Cision do not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statement to reflect any change in their
expectations or any change in events, conditions or circumstances
on which any such statement is based.
Contact:
Nick
Bell
Vice President of Communications
Cision
cisionpr@cision.com
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SOURCE Cision