Philadelphia

Thomson-Reuters to shed IP-science division

Thomson-Reuters has agreed to sell its giant Philadelphia-based Intellectual Property & Science business to a group of private-equity firms based in the U.K. and Canada. The division, which has almost 3.500 employees and 75 offices in 40 countries, will go for $3.55 billion in cash. The buyers include Onex Partners, a Toronto firm with $6 billion invested worldwide, and Baring Private Equity Asia, which has $10 billion invested in management buyouts and other deals in…