Capitol III
Cision’s merger with Capitol III enabled it to pay down debt and refinance its capital structure, resulting in approximately $60 million of annual interest savings, and provided the financial flexibility and public listing to pursue its organic growth and M&A strategy. In January 2020, Platinum Equity took Cision private in a transaction valued at $2.7 billion.
Mark D. Ein served as Vice Chairman of the Board of Cision and L. Dyson Dryden served as a Director from June 2017 until January 2020, when the sale to Platinum Equity closed.
Announcement Press Release | Investor Presentation | Closing Press Release