From Exhibition World: UK-based Cuil Bay Capital (CBC), a new investment vehicle led by exhibition industry entrepreneur Doug Emslie, former CEO of Tarsus Group, announces its inaugural investment, the acquisition of a majority stake in UK-based Raccoon Media Group (Raccoon). Exact terms of the deal have not been disclosed. Founded in 2016, Raccoon achieved acclaim…
UK-based global event organiser CloserStill Media, has agreed to acquire UK-based UKI Media & Events. Terms are not disclosed, although financial media have speculated the price could be in the region of £100-£120m. This strategic move forms the cornerstone of CloserStill’s new Future Transport and Infrastructure Group and marks a significant expansion… From Exhibition World…
The Abu Dhabi-based ADNEC Group has signed a strategic partnership with global events management company Kenes Group, to launch new events within the emirate. The agreement was signed by Ahmad Shaker, CEO of ADNEC Services, the event agency arm of ADNEC Group, and Dan Rivlin, executive chair and chief vision officer of Kenes Group. From…
Saudi Arabia’s Events Investment Fund has acquired a stake in Tahaluf, the Saudi Arabian large-scale live events company created through a strategic joint venture between the Saudi Federation for Cybersecurity, Programming and Drones, and Informa. Following the announcement Stephen Carter gave an exclusive interview to EW’s editor Paul Colston…
Global event organiser Hyve has announced the completion of its acquisition by funds advised by Providence Equity Partners L.L.C. and Searchlight Capital Partners. “This marks a significant milestone for Hyve, providing strategic support and positioning the company for accelerated growth,” a statement from the company said. By Paul Colston, from Exhibition World…
By Paul Colston, from Exhibition World: International event organiser and digital services group Informa has announced the addition of specialist B2B events, data and media group, Chicago-based Winsight, for $380m, payable in cash to owners HPS Investment Partners…
The Iceberg meets Mayfield Merger Strategies (MMS) owner, Steve Monnington, to understand the surge of private equity investments in the sector revealed this month including Blackstone’s $4.6bn takeover of Cvent, Providence Equity Partners’ acquisition of Hyve, and Informa’s trade acquisition of Tarsus. Monnington: ‘There’s a lot of money looking for a home…’ Further…
US firm Providence Equity Partners has agreed a deal to acquire UK-based exhibition business Hyve Group. The terms of the offer are 108p in cash for each Hyve share and the deal values the international exhibition organiser at approximately £481m (US580m). A previous bid of 105p per share had been rejected. From Exhibition World…
Global event organiser Informa has strengthened its presence in growing regions and markets significantly with the acquisition of B2B events group Tarsus in a deal valued at $940m. The combined business is expected to create incremental revenue opportunities through the cross-marketing of major brands, digital expansion and new event launches. From Exhibition World…
The upcoming UFI European Conference in Maastricht will be collaborating with Women in Exhibitions to honour women’s accomplishments in the exhibition industry. The Conference’s keynote speaker on 15 June will be Ann Daniels, a polar explorer and motivational speaker, who will share her story and leadership lessons with UFI’s delegates. From Exhibition World…
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