CloserStill Media acquires eCommerce trade shows in Spain

CloserStill Media logoCloserStill Media, organiser of eCommerce Expo in the UK as well as eCommerce Expo Asia, has acquired two eCommerce events taking place in Barcelona and Madrid, Spain, from organiser E World for an undisclosed sum.

In addition to the eShows, CloserStill also acquired the 1-2-1 eForum events held each year in the Spring and Autumn which hosts Spain’s largest online retail buyers for two days.

The eShows in Spain become part of CloserStill’s expanding portfolio of enterprise technology events, which includes events in London, Paris, Frankfurt, Singapore and Hong Kong attended annually by more than 75,000 delegates with more than 1,200 speakers and 900 exhibitors.

The E World team, headed by managing director Agustin Torres, has joined CloserStill Media Tecnología in Barcelona. CloserStill plans to expand its technology events portfolio in Spain with a roll-out of its international technology brands from 2020.

Sophie Baker-Davis, head of CloserStill’s technology portfolio, said, “We are excited about the opportunities in the Spanish marketplace. The online retailing world is making great strides in Spain. We are delighted to be working with Agustin and his team and look forward to investing with him to accelerate the growth and importance of the eShows to the e-commerce sector and to integrate them into our international technology and e-commerce network”.

The next upcoming event is eShow Madrid 2019 on 29-30 October, which will see the introduction of a new VIP Concierge programme and takes place at IFEMA with over 10,500 delegates and 130 exhibitors expected.

UK, London & Spain, Madrid & Barcelona

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DVV to acquire RBI aviation conferences

DVV Media InternationalDVV Media International is to acquire the publishing activities and conferences in the aviation sector from Reed Business Information, part of the Cirium risk and business analytics market segment of RELX. The terms of the transaction have not been disclosed.

The portfolio includes the magazine brands Flight International and Airline Business, the daily news, views, analysis and other publishing activities at international air shows, including Flight Daily News and Flight Evening News, a portfolio of aviation conferences and awards, including The Airline Strategy Awards, other publishing activities such as FlightJobs, and the websites supporting these publishing activities.

Cirium enables customers to provide the finance for fleets, build and maintain aircraft, efficiently transport passengers and improve traveller experience, and its focus is to drive targeted, profitable and informed decisions. Cirium will continue as part of R&BA, reflecting its strategic priority of focusing on data and analytics.

DVV is owned by German newspaper publisher Rheinische Post and has acquired a number of businesses previously owned by RBI, such as Personnel Today, Railway Gazette International, Commercial Motor and Motor Transport. The portfolio will join DVV’s complementary Air Cargo News brand to substantially increase DVV’s offering to the aviation sector.

Andy Salter, Managing Director of DVV, said, “This is a significant step forward for our organisation. The new portfolio means we now have a comprehensive offering across all modes of the transport and logistics business information sector. We are all looking forward to working with the new team to build on the legacy of these products and develop a thriving market offering.”

UK, Sutton & London

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Easyfairs acquires Aesthetics Media

EasyfairsGlobal exhibition organiser Easyfairs has acquired the Aesthetics Media portfolio, which includes the Aesthetics Conference & Exhibition (ACE), the Aesthetics journal print and digital platform and the Aesthetics Awards. The terms of the transaction were not disclosed.

With a complementary event, Clinical Cosmetic Regenerative (CCR), already in its stable, the acquisition is set to make Easyfairs the leading media provider to suppliers in the UK aesthetics sector.

Matt Benyon, Head of Easyfairs UK & Global, said, “We can now offer customers a phenomenal breadth of products and unparalleled opportunities to engage with aesthetics professionals – it’s a true 360-degree offering. This latest acquisition demonstrates, once again, our commitment to constantly invest in and develop our core markets. Companies in the aesthetics sector often have very different approaches, products, budgets and strategies. We recognise this fact and are utterly focused on meeting all of their needs, helping them prosper and grow. We are now incredibly well equipped to do just that.”

ACE is timed for Spring and aimed at healthcare professionals who practise medical aesthetics, such as dentists, doctors and nurses.

The combined exhibitions, awards and publication will be managed by Easyfairs UK & Global business, with the entire Aesthetics Media team joining Easyfairs as part of the acquisition.

In 2018 Easyfairs was named Belgium’s ‘Entrepreneur of the Year®’ and the company is ranked 18 in the world’s leading exhibition companies.

Easyfairs currently organises more than 218 events in 17 countries and employs 750 people and generates revenues exceeding €157m for its financial year 2017-2018.

Belgium, Brussels & UK, London

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IHS Markit and Informa exchange business units

IHS MarkitFinancial data company IHS Markit and Informa, the international exhibitions, events, information services and scholarly research group, have exchanged the majority of the IHS Markit Technology, Media and Telecoms intelligence business for Informa’s Agribusiness Intelligence Informa plcgroup.

The agreement values the two exchanged businesses at equivalent EBITDA multiples, with Informa contributing an additional $30 million cash to IHS Markit to reflect the larger EBITDA contribution from the TMT business. IHS Markit will retain RootMetrics, its benchmarking business and a portion of its market intelligence business. Both transactions are expected to close in July 2019 and are subject to customary closing conditions, including US regulatory approval.

IHS Markit confirmed that the transaction will not affect its capital allocation strategy to delever its debt ratio below 3.0x and complete USD 500 million in share repurchases in 2019.

Lance Uggla, CEO of IHS Markit said, “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and builds our existing data, pricing, insights, forecasting and news services within our Resources segment. Agriculture is the largest end chemical market in the world and this transaction expands our capabilities into fertilizers and chemical crop protection, while substantively expanding our capabilities in biofuels.”

UK, London

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Immediate Media Co acquires majority stake in River Street

Immediate Media CoSpecial interest content and platform company Immediate Media Co has acquired a majority stake in River Street Events Ltd, a producer of consumer food and gardening events/festivals in the UK. The deal sees Immediate acquire the remainder of the business in late 2020. No further details of the transaction were disclosed.

Established in 2013, River Street Events produces some of the UK’s most successful consumer events – including the live events for BBC Good Food Show and BBC Gardeners’ World Live – attracting over 250,000 visitors a year.

This deal further strengthens Immediate’s events capabilities, following the recent acquisition of Upper Street Events, providing exciting further potential growth opportunities in the live consumer events market.

River Street Events founder Laura Biggs will remain group managing director until the end of 2020, working alongside Immediate’s Managing Director of Live Events, Paul Byrom.

Immediate Media CEO Tom Bureau said, “We’ve identified live consumer events as an important growth area for Immediate, focused around our high value special interest communities and aligned with our portfolio of market-leading brands.

“Our investment into River Street, who we know well through our partnerships with BBC Good Food Live and BBC Gardeners’ World Live, fits perfectly with this strategy, as we continue to accelerate our multiplatform transformation across print, digital, TV and, now, live events. I’m delighted that we will be working with Laura and her team to continue to build this fantastic business.”

UK, London & Kingston upon Thames

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DVV to acquire Centaur’s HR portfolio for £5M

DVV Media InternationalDVV Media International Ltd is to acquire Centaur Human Resources Ltd from Centaur Media PLC for £5 million. The deal is expected to complete at the end of April.

The sale of the HR business follows the recent disposals of Centaur’s financial services business, including brands such as Money Marketing and Mortgage Strategy, and its travel and meetings exhibitions, including the Business Travel Show and the Meetings Show, which will raise in aggregate £14.25 million. The company announcement reported that negotiations for the sale of other businesses are continuing.

centaur-logoThe portfolio of products includes the website and exhibition covering the employee rewards and benefits sector, Employee Benefits; along with the Forum for Expatriate Management, a service for companies with overseas employees.

“This is a very significant acquisition for our business,” said DVV Media International Managing Director Andy Salter. “Building on the strength of our existing Personnel Today brand, the new additions to the portfolio substantially increase our offering to the HR and recruiter services sector. Both Employee Benefits and the Forum for Expatriate Management have a powerful reputation. This is a perfect fit and we are looking forward to working with the new teams to develop our portfolio further.”

The Centaur HR portfolio consists of the following brands and activities:

  • EmployeeBenefits.co.uk: Digital resource for the UK’s reward and benefits industry, supplying news, analysis and research.
  • Employee Benefits Live: Dedicated reward and benefits exhibition with around 2000 visitors and 100 exhibitors and a comprehensive conference programme.
  • Employee Benefits Connect: Conference for senior reward and benefits decision makers.
  • Forum for Expatriate Management: Worldwide community for global mobility professionals. FEM serves the sector through 3 Confex and Awards events (US, APAC, EMEA), a European Confex, research reports, and through the provision of information and news online.

DVV’s current HR brands and events include Personnel Today, Personnel Today Awards, Personnel Today Jobs, Occupational Health & Wellbeing, WhatMedia and the RAD Awards.

All staff currently employed at Centaur Human Resources are expected to remain with the business and the company will remain in central London at DVV’s office there.

UK, Sutton & London

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Centaur Media

Centaur Media Plc agrees sale of travel and meetings exhibitions to Northstar

centaur-logoCentaur, the international provider of business information and specialist consultancy, has entered into a conditional agreement to sell Centaur Media Travel and Meetings Limited, the owner of the Business Travel Show and The Meetings Show, to Northstar Travel Media UK Limited, a leading B2B information and marketing solutions company focused on the global travel and meetings industries. Completion of the disposal is expected to take place on 30 April 2019.

The disposal follows Centaur’s decision last October to explore the divestment of its smaller businesses in order to simplify the Group’s structure and to focus management resources on its leading brands. Centaur announced on 1 April 2019 that it has raised £5m from the sale of its financial services business, which includes brands such as Money Marketing and Mortgage Strategy.

Northstar will pay a cash consideration of £9.25m (subject to customary post-completion adjustments) for CTM, which formed part of the Group’s professional services division. Centaur will consider the best use for the sale proceeds following the completion of its divestment review.

Centaur’s professional services division comprises The Lawyer and a portfolio of market leading event brands across three sectors: travel and meetings, human resources and engineering.

Andria Vidler, Chief Executive of Centaur, said, “[This] is another important milestone in Centaur’s ongoing transformation. As we focus on building more robust and stronger recurring revenues, we are reducing Group complexity and overheads that will allow us to deliver efficiencies and improve our operating margins.”

For the year ended 31 December 2018, Centaur’s travel and meetings exhibitions made normalised earnings before interest, tax, depreciation and amortisation operating profit of £1.7m (before central overhead allocations), up from £1.6m in 2017, on revenues of £6.4m (2017: £6.1m). At 31 December 2018, the business had gross assets of £1.7m.

UK, London & USA, Secaucus, NJ

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