Steve Monnington, Managing Director of Mayfield Media Strategies, surveys the landscape of mergers and acquisitions across the exhibition industry. Main text: Private Equity firm Blackstone, which acquired both Clarion and Global Sources (Hong Kong), has announced an agreement to acquire the NEC Group for an amount thought to be around £800m (US$1.029bn). This represents a massive gain for the current owners LDC who bought the business...
Steve Monnington, managing director of Mayfield Media Strategies, writes about ‘Dealmakers’ in the latest edition of Exhibition World (Issue 2 | 2018). In my last column I looked at the upcoming acquisition of UBM by Informa which, if shareholders approve it, means that the resulting business will be the world’s largest exhibition organiser. It’s likely to happen by the middle of this year. Ascential are moving...
Steve Monnington, managing director of Mayfield Media Strategies, writes about ‘Dealmakers‘ in the January 2018 edition of Exhibition World. His column looks at exhibition sector news, namely the UBM/Informa merger. Exhibition sector news has been dominated by the announcement that Informa and UBM are in talks which would see Informa acquire UBM for a mixture of shares and cash. Given deadlines, by the time this column appears it...
First off, the long awaited news of the sale of PR Newswire to US company Cision, a global provider of PR software and services, for US$841m which represents a historic EBIT multiple of 11.2x.