- Terrapinn acquires Science Media Partners Posted on January 30, 2018
Private equity funds managed by Blackstone have acquired the National Exhibition Centre Group, a leading live events venue operator in the UK, from LDC, the private equity arm of Lloyds Banking Group.
Founded in 1976, the NEC has grown into the UK’s live events business of choice for organisers, exhibitors and visitors, playing host to over seven million guests and 750 events every year. The NEC includes Birmingham’s National Exhibition Centre, the International Convention Centre, the Genting Arena and Arena Birmingham among its assets as well as caterer Amadeus and national ticketing agency The Ticket Factory.
The National Exhibition Centre hosts many of the largest exhibitions in the UK, including Crufts, the internationally acclaimed dog show, Spring Fair, the UK’s largest exhibition, and Grand Designs Live. The NEC is also due to host nine sports as part of the 2022 Commonwealth Games.
LDC originally backed a management buyout of the Group in January 2015. Since then, it has supported a four-year transformation programme to enhance sites, facilities and customer experience and broaden the range of events across the Group’s portfolio, supported by significant capital investment.
Paul Thandi, Chief Executive of the NEC Group, said: “Blackstone’s track record in scaling companies, sector knowledge and unrivalled real estate capabilities, make them the ideal new partner for NEC Group to realise the next phase of our ambitious growth strategy. All of our teams and partners look forward to working closely with the world class team as we embark on becoming the definitive name in events and exhibitions, while continuing to focus on innovations and new customer experience offerings for all our customer groups.”
Lionel Assant, European Head of Private Equity at Blackstone, added: “Under the leadership of Paul Thandi, a best in class management team and the support of LDC, the NEC has transformed its main site into a leading leisure, entertainment and business destination, which continues to benefit from a diverse customer base. We have tremendous respect for what has been achieved; NEC Group is iconic and we are excited about our new partnership as we look to leverage our firm’s capabilities in support of the team.”
USA, New York, NY & UK, London
CloserStill Media has acquired a majority stake in FocusZone Media, Inc., operating as The eLearning Guild, for an undisclosed sum. The eLearning Guild has a 40,000+ membership community of learning and development professionals in the United States and across the world. The Guild operates major conferences and exhibitions including DevLearn (Las Vegas, NV), Learning Solutions (Orlando, FL) and Realities 360 (San Jose, CL) and has a number of digital publications as well as research and online events.
CloserStill runs the world’s leading workplace learning event brand, Learning Technologies, with three market leading annual events in London, Berlin (with Online Educa) and Paris, a global digital community and the industry’s leading awards programme for corporate learning and development professionals. The London event in February is Europe’s largest annual exhibition and conference for the workplace learning sector attracting more than 8,000 attendees and over 200 exhibitors.
CloserStill’s Learning Group Managing Director, Mark Penton, said, “We are delighted to welcome The eLearning Guild and their impressive event portfolio to our growing global network and are incredibly excited by the huge opportunities this will create. And most importantly, we look forward to enhancing the collaboration between our family of learning brands and their learning communities around the world.”
USA, Santa Rosa, CL & UK, London
ODMP is an award-winning financial services media company that brings fund selectors and asset management companies together through its publications, digital products, and extensive portfolio of over twenty conferences across Europe. The company also publishes International Investment for the global adviser community and produces the International Fund and Product Awards, now in their nineteenth year.
Founded in 2013 by Nick Rapley (chairman) and Louise Hanna (director) through a management buyout of the Investment Europe brand from Incisive Media, ODMP has grown rapidly in five years to become a pre-eminent provider of business information and networking to the European asset management industry.
Jonathon Whiteley, CEO of Incisive Media, said, “We have known and worked with Nick, Louise and their team for many years and are excited that we are able to bring Investment Europe and International Investment back into the Incisive Media fold. This acquisition strengthens our asset management publishing and event properties and adds real depth and quality to our growing portfolio for the benefit of our readers, delegates and asset management clients.
Informa has completed the takeover of UBM. The new Informa Group will employ more than 11,000 people. It will own and operate a portfolio of more than 500 exhibitions brands in 15 industry verticals including Health & Nutrition, Life Sciences & Pharma, and Real Estate & Construction. In addition, it will own a portfolio of confex/conference brands, a range of specialist information and intelligence brands; plus have capabilities in B2B consulting and marketing service.
The board of Informa will be as follows:
Established in 2005, the biannual SFE is one of the largest franchising events in China, hosting 221 exhibitors with over 450 brands and 50,261 visitors in the spring 2018 edition. SFE’s exhibitors are mainly in the food, beverage and retail sectors which is reflective of the trends in the Chinese franchise market today. Every year investors, potential franchisees, distributors, agents, dealers, and social organisations attend the two events in search of new, foreign, and commercially attractive franchise brands for the domestic market.
According to the China Chain Store & Franchise Association, China’s top franchises generates total sales of RMB 428 billion from 124,068 stores across the country. Currently, China has over 4,500 franchises and chain store companies creating more than 5 million jobs nationwide. Foreign franchise brands are becoming increasingly interested in 2nd and 3rd tier Chinese cities given favourable labour costs, reasonably priced real estate facilities, and untapped consumer spending.
Jime Essink, President and CEO of UBM Asia, said, “Our combination with SFE comes at an opportune time given our complimentary resources and shows in China. The Spring edition of SFE has already successfully co-located with our Hotel Plus event at SNIEC for two editions and we plan to co-locate SFE’s autumn edition with Food & Hotel China this November. The synergies and crossovers between professionals in the food, beverage, and retail sectors of these collocated events creates a complete and compelling industry value chain opportunity for visitors and exhibitors.”
The next edition of SFE will take place on 13-15 November 2018 at the Shanghai New International Expo Centre.
UBM has acquired annual healthcare exhibition ExpoMed from LIVEMED in Mexico and Live Healthcare in Brazil from founders Dr. Vitor Assentuno and Dr. Raphael Gordilho. The terms of the transactions were not disclosed.
ExpoMed connects vendors of medical equipment to buyers and executives from private and public hospitals, clinics and distributors. Held each June in Mexico City, the show is considered the must-attend healthcare event in Mexico. The most recent edition of ExpoMed took place 6-8 June 2018 at the World Trade Center Mexico City, where it drew in more than 8,000 buyers and 342 exhibition companies spanning a more than 44,000 square foot showfloor.
Based in Brazil, Live Healthcare is an event platform that connects major healthcare players to inspire industry change and empower leaders. Live brings with it the Saude Business Forum, which focuses on executive networking and one-on-one meetings for healthcare CEOs and innovative vendors, as well as the Healthcare Innovation Show, a technology and innovation exhibition attended by senior healthcare executives. Live also runs the healthcare portal saudebusiness.com, which drives database and community engagement for the events.
Scott Schulman, CEO of UBM Americas, said, “Healthcare is a strategic vertical for UBM Americas, particularly in Mexico and Brazil, where public and private healthcare spending and service markets are growing rapidly. With ExpoMed’s leading position in Mexico and Live Healthcare’s complementary fit with UBM Brazil’s existing Hospitalar event, we are confident that these two bolt-on acquisitions will greatly contribute to the long-term growth of our healthcare portfolio – and our position as a leader in the Latin America healthcare market.”
Jaime Salazar Figueroa, director general and managing director of UBM México, said, “ExpoMed is by far the largest healthcare event in Mexico and adds another market-leading brand to our portfolio. The acquisition gives us the opportunity to serve the second-largest medical device market in Latin America and to pursue synergies with our healthcare portfolio in Brazil.”
UK, London, Mexico, Mexico City & Brasil, Sao Paulo