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

Related articles:

Mark Allen Group to acquire Centaur Media’s engineering portfolio for £2.5M

Mark Allen GroupThe Mark Allen Group, a specialist information provider and event organiser, has agreed to purchase Centaur Media Plc’s engineering portfolio, including The Engineer and Subcon for £2.5 million. The terms of the transaction were not disclosed.

This transaction follows MAG’s purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited last week.

The engineering portfolio includes the market’s leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK’s longest-running business publications and is supplemented by Subcon, which is an event for subcontract manufacturing professionals.

The sale comes as Centaur continues the divestment of its smaller businesses following the conclusion of a strategic review last October and its decision to improve operational execution by focusing on its leading brands. The transaction is expected to complete on 31 May.

Ben Allen, Chief Executive of Mark Allen Group, said, “The acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities. These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as New Electronics and Eureka, as well as the Engineering Design Show.”

UK, London

Related articles:

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

Related articles:

Terrapinn acquires Accounting Business Expo and Accountech Live

TerrapinnGlobal events company Terrapinn the global events company has acquired Accounting Business Expo and Accountech Live, the two market leading exhibitions in Australia in the Accountancy and Finance Management field. The terms of the transaction were not disclosed.

Accounting Business Expo and Accountech Live were acquired from National Media, a leading Australian exhibitions organiser. Accounting Business Expo is an independent and vendor neutral showcase for tools, technologies and services for accounting professionals, while Accountech Live is a comprehensive showcase of tech innovation in cloud accounting and the rapidly growing add-on ecosystem.

Terrapinn’s CEO, Greg Hitchen, said, “Accounting Business Expo and Accountech.Live are world-class events in terms of scale and quality of content and bolster our global portfolio of accounting and finance expos. Terrapinn is already a world leader in this sector, with expos in the United States, Canada, Singapore, Hong Kong, Dubai and Johannesburg.”

UK, London & Australia, Bundall, QLD

Related articles:

ReedPOP acquires Florida Supercon

ReedPopReed Exhibitions’ games and pop culture live events division ReedPOP has acquired Florida Supercon, an annual convention held in Miami, Florida celebrating comics, superheroes, science fiction, anime, cartoons, video games, wrestling and all things pop culture. The terms of the transaction were not disclosed.

Since the launch of the sold-out New York Comic Con in 2006, ReedPOP has sought to produce exceptional experiences for passionate audiences and help grow the industries surrounding those passions. Over the past two years, ReedPOP launched its first comic con in Africa, Comic Con Africa, and an all-new U.S. show, Keystone Comic Con in Philadelphia, expanding the portfolio to nearly 40 fan conventions around the world.

Lance Fensterman, Global President of ReedPOP, said, “We are thrilled with the addition of Florida Supercon to the ReedPOP family. Mike Broder [founder of Supercon] and his team have done an amazing job in making this show one that has incredible fan and industry support. We plan to spend time listening to the fans and exhibitors and then investing to build upon the awesome convention and continue to give the great fan base a fantastic experience.”

USA, Norwalk, CT & Miami, FL

Related articles:

Reed Exhibitions acquires India BIG7 trade event

Reed ExhibitionsReed Exhibitions, a division of RELX, has acquired India BIG7, the annual, Mumbai-based event, India’s largest for gifts, stationery, writing instruments, office supplies, gadgets, houseware, kitchenware and home décor. The terms of the transaction were not disclosed.

Launched in 1993, BIG7 joins a growing portfolio of Reed Exhibitions gift shows in Germany, Japan, Australia and China. The next edition of India BIG7, held in the Bombay Exhibition Centre, will take place 21 – 24 August 2019.

Gregory Zaraisky, CEO of Reed Exhibitions, India, said, “Having known Jivesh Sachdev and his flagship event India BIG7 for more than two years, we have been very impressed by the team’s continuous drive to innovate, keep the event on-trend while focusing on the customers’ needs today and in the future. By joining forces, we can increase customer value and help accelerate the transformation of the industries which urgently need investment, innovation and new technologies.”

UK, London & India, Mumbai

Related articles:

Mercator Media acquires Marine & Coastal Engineering Expo

Mercator MediaMercator Media Limited has acquired the Marine & Coastal Civil Engineering Expo (M&CCE Expo) from the Prysm Group. M&CCE Expo, an event showcasing the latest equipment and techniques in marine civil engineering and construction, is to co-locate with Seawork, which focuses on the same subject. The terms of the transaction were not disclosed. The M&CCE Expo 2019 will run from 11-13 June 2019 at Mayflower Park, Southampton UK.

Seawork

Mercator is a B2B media company with a 30-year history, serving the marine business with events, magazines and online. It publishes the pan-European commercial marine magazine Maritime Journal, and produces the Seawork exhibition, now in its 22nd year. Situated exclusively in its own dedicated exhibition arena, M&CCE will keep its own brand and identity and will run concurrently with the three days of Seawork.

Andrew Webster, chief executive of Mercator, said, ‘This is great news for visitors and exhibitors to both Seawork and M&CCE, with real synergies between the two. There is a big overlap in content and business for people involved in marine construction, from harbourmasters to consulting engineers to operations managers and anyone in vessel and marine equipment deployment.”

UK, Fareham & Southampton

Related articles: