Fusion Corporate Partners

UBM is in advanced talks to acquire Advanstar. Reuters is reporting that UBM are paying around $900M for the privately held U.S. trade show organiser.

Advanstar generates roughly $95 million in earnings before interest, taxes, depreciation and amortisation. It has has a portfolio of 54 trade shows, 100 conferences, 30 publications, and almost 200 electronic products and Web sites, as well as educational and direct marketing products and services. Advanstar has approximately 600 employees and currently operates from multiple offices in North America and Europe.

A UBM statement confirming the talks said, “UBM plc notes recent market speculation concerning a potential acquisition of Advanstar by UBM. UBM confirms that it is involved in discussions which may, or may not, lead to a transaction. A further announcement will be made in due course, if appropriate.”

This would be the first large acquisition for UBM under its new CEO Tim Cobbold, who started at the company earlier this year after leaving British banknote printer De La Rue.

UK, London & USA, Santa Monica, CA

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