Prysm Group has acquired Naidex, the UK’s largest disability, rehabilitation and homeware event

NaidexB2B trade exhibition organiser Prysm Group has acquired Naidex, from i2i Events. Naidex is the UK’s largest disability, rehabilitation and homeware event, with around 200 exhibitors and over 9000 visitors.

“Naidex is, quite simply, exhibition royalty, and I can’t tell you how excited we all are to have acquired it,” said Nick Moss, MD of Prysm Group. “We are going to pour our hearts and souls into making the 43rd edition of Naidex a truly memorable event for the independent living sector, and the entire team can’t wait to get started.”

Prysm Group has a portfolio of over 25 shows across the UK, from ‘The Business Show’, which attracts over 25,000 businesses each year, to the niche, industry specific events, such as ‘Legalex’, ‘Elite Sports Performance’ and ‘Farm Business Innovation’.

Alison Willis, portfolio director, i2i Events, said: “Naidex has built a strong, loyal customer base thanks to the very hard work of the dedicated event team. i2i is dedicated to enhancing customer value and extending its global footprint, particularly through our large-scale events that we can geo-clone internationally.

 

UK, Bristol and London

Ocean Media Group acquires Mercury Events Ltd, organisers of the Wedding Fairs and the Baby & Toddler shows

OMG_logoOcean Media Group has acquired Mercury Events Ltd, organisers of the Wedding Fairs and the Baby & Toddler shows. The terms of the deal were not disclosed.

David Watt, CEO at Ocean Media commented: “This exciting acquisition significantly reinforces our position as the number one player in the wedding market. As well as adding strength and depth to our teams, this purchase creates an ideal platform to improve and grow our portfolio of consumer wedding shows”.

Matt Miller will join Ocean Media as Managing Director of the new Consumer Division.

Miller said: “This is a fantastic opportunity for us to combine the analysis, expertise and best practice which sits within both organisations to develop an extensive set of wedding and baby shows that offer superb value to all our exhibitors and to every visitor. We will be working very closely with our partners in both industries to grow the market to everyone’s benefit”.

He added: “Our values and vision for how we operate are very much the same. We’re aiming to serve our industries with an emphasis on innovation, integrity, and with a single-minded philosophy to produce shows that add genuine value to their markets every time they run”.

UK, London

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Future plc to acquire Imagine Publishing for£14.2M

FutureFuture plc is to acquire Miura (Holdings) Ltd, the parent company of Imagine Publishing Limited in an all share deal deal valuing the company at £14.2 million.

Imagine’s portfolio includes 19 magazines, around 300 annual bookazines and a complementary web presence. The company publish in four key markets – technology, photography, video games and science. Titles include include All About History, Digital Photographer, World of Animals, GamesTM, Retro Gamer, Nowgamer.com, X-ONE, Play, For Beginners and SciFiNow.

The company was formed with private funds in 2005 by Damian Butt, Steven Boyd and Mark Kendrick. All were former directors of publishing companies.

Imagine Publishing2Imagine is expected to report revenue of £16.4m for year to 31 March 2016, with EBITA of £3.1m, margin of 19% and cash generated from operations of £3.4m

Upon completion of the Acquisition, the vendors of Imagine will own, in aggregate, c.32.8% of Future’s enlarged issued share capital

Zillah Byng-Thorne, Future plc Chief Executive said, “This is a unique opportunity to acquire a market leading knowledge, science and technology content business which will complement and expand our capabilities.

Future’s share price jumped eight per cent to 8.5p after the deal was announced.

UK, Bath & Bournemouth

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Microsoft to acquire LinkedIn for $26.2 billion

LinkedIn acquisitionMicrosoft Corp. is to acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. A large premium over the company’s recent public valuation.

In their announcement, Microsoft said LinkedIn will retain its distinct brand, culture and independence.

Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year.

USA, Redmond, WA & Mountain View, CA

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UBM divests electronics media portfolio

UBMUBM plc has sold its electronics media portfolio to the distributor Arrow Electronics Inc. for $23.5 million in cash.

The portfolio comprises the US and Asian versions of EE Times, EDN, ESM, Embedded, EBN, TechOnline and Datasheets.com.  In 2015 these assets generated revenues of $19 million. $16 million from online and $3 million from print.  The sale is subject to customary closing conditions and regulatory clearance in China.

Tim Cobbold, CEO of UBM plc, said: “In line with our ‘Events First’ strategy this transaction further improves the alignment between our portfolio of Events and Other Marketing Services.”

UK, London & USA, New York, NY

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RPS Group acquires DBK Partners for £13M

RPSlogoRPS Group plc has acquired DBK Partners Limited for £13 million. Consideration paid to the vendors at completion was £6.6 million.  In addition £4.0 million of shareholder loans to the company were settled by RPS.  Subject to certain operational conditions being met, two further sums of £1.2 million each will be paid to employee vendors on the first and second anniversaries of the transaction.

Founded in 2005, DBK has its headquarters in Birmingham, with other offices in London, Manchester and Bournemouth. The company is a project management consultancy in the UK and employs about 120 staff.  It undertakes projects primarily for private sector clients in the property development industry in the UK.  

The company was owned by 14 shareholders, including a significant external investor.  All the employee shareholders are remaining with the business.  The three main director shareholders have signed three year employment agreements.

In the year to 31 December 2015, DBK had revenues of £12.1 million and profit before tax of £2.0 million, after adjustment for non-recurring items. Net assets at 31 December 2015 were £0.5 million.  Gross assets at 31 December 2015 were £8.1 million.

UK, Abingdon, Oxfordshire & Birmingham

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UBM buys Business Journals Inc for $69M

BJIUBM plc has acquired the Business Journals Inc (BJI), a producer of fashion trade shows in New York and Las Vegas, for $69m in cash.

BJI serves the men’s apparel and women’s apparel and accessories markets under the following tradeshow brands: AccessoriesTheShow, EDIT, FAME, Moda, MRket and Stitch.  These shows run multiple times a year and in some cases are located in the same venues as UBM shows.  BJI also operates several websites and publications serving the fashion sector.

In 2015, BJI’s revenues were approximately $40m – $33m from Events and $7m from Other Marketing Services.The company is expected to make a modest post tax contribution this year.

Tim Cobbold, CEO of UBM plc, said:

“We are delighted to have acquired BJI. This transaction is very much in line with our ‘Events First’, strategy. It adds to our presence in North America and also in the fashion sector, both of which were already strong following UBM’s acquisition of Advanstar at the end of 2014. We see excellent opportunities to deliver an improved experience for customers and to realise the operational benefits which scale will bring.”

UK, London & USA, Norwalk, CT

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