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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UBM acquires 75% stake in ECMI ITE Asia for £2.8M

UBMUBMMG Holdings, a subsidiary of UBM, which recently became part of the Informa Group, has acquired ITE Group’s 75 per cent stake in Malaysia-based ECMI ITE Asia for a cash consideration of MYR 15m (approx. £2.8 million). The sale forms part of ITE’s Transformation and Growth (TAG) strategy.

ECMI runs the Cosmobeauté series of beauty trade exhibitions in Malaysia, Indonesia and Vietnam, and the biennial Lab series of Scientific Instrument and Laboratory Equipment trade exhibitions in Malaysia and Indonesia.

ITE acquired a 50 per cent stake in ECMI in 2013. Under the terms of an existing arrangement with ECMI’s founder shareholders CP Saw and WP Cheong, the organiser acquired an additional 25 per cent stake in ECMI on 18 June 2018, taking its total shareholding to 75 per cent. With the acquisition by UBM, ITE has disposed of its entire 75 per cent holding in ECMI. The proceeds will be reinvested into the Group.

In the year to 30 September 2017 (which excludes the biennial Lab exhibitions), ECMI had gross assets of MYR 13.2 million (£2.5 million), reported a turnover of MYR 9.8 million (£1.8 million) and a loss before tax of MYR 0.4 million (£0.07 million). In ITE’s consolidated financial statements for the same period, ITE recognised a loss of MYR 0.13 million (£0.03 million) in respect of ECMI, presented within ‘share of results of associates and joint ventures’.

Mark Shashoua, CEO of ITE Group, said, “A key element of our TAG Programme is managing our portfolio of events, and this transaction marks a further step in delivering this strategy. We are pleased to have found a supportive Malaysia-based partner for ECMI’s events which can ensure the investment required for ECMI’s continued success.”

UK, London & Malaysia, Selangor

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