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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