CloserStill Media acquires a majority stake in The eLearning Guild in the US

CloserStillCloserStill 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

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ITE acquires Mining Indaba from Euromoney for £30.1M

ITE Group plcITE Group is to acquire Mining Indaba from Euromoney Institutional Investor plc in a deal worth £30.1 million on a cash-free, debt-free basis. The acquisition includes an initial cash consideration of £20 million to be paid on completion, with a deferred cash consideration of £10.1 million to be paid in June 2019. The acquisition will be funded from a combination of ITE’s existing cash resources and bank borrowing.

Mining Indaba is a leading event dedicated to bringing together mining and investment experts involved in Africa. The exhibition, held in Cape Town, South Africa, was founded in 1995 and marked its 24th edition in February 2018. The next edition is scheduled for 4–7 February 2019. In the year to 28 February 2018, which encompasses the 2018 event, ITE says Mining Indaba generated sales of £7.2 million (US$9.36 million) and EBITDA of £3.7 million. As at 28 February 2018, Mining Indaba reported gross assets, excluding cash, of £600,000.

ITE chief executive officer Mark Shashoua said, “We are delighted to be able to add Mining Indaba, another well-regarded must-attend event, to our portfolio. This acquisition is consistent with our stated strategy of making disciplined and value-enhancing acquisitions of market-leading events and Mining Indaba is also highly complementary to our AOW exhibition. We believe the acquisition will deliver value for our shareholders and consolidate our position as an organiser of must-attend international industry events.”

UK, London

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Informa completes the takeover of UBM

InformaInforma 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:

  • Derek Mapp (Non-Executive Chairman)
  • Greg Lock (Deputy Chairman)
  • Stephen A. Carter CBE (Chief Executive)
  • Gareth Wright (Group Finance Director)
  • Gareth Bullock (Senior Independent Non-Executive Director)
  • Mary McDowell (Non-Executive Director)
  • David Wei (Non-Executive Director)
  • Helen Owers (Non-Executive Director)
  • Cindy Rose (Non-Executive Director)
  • Stephen Davidson (Non-Executive Director
  • David Flaschen (Non-Executive Director)
  • John Rishton (Non-Executive Director)

Company announcements:

Previous reporting

UK, London

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Informa

UBM

 

UBM acquires majority economic interest of Shanghai International Franchise Exhibition

UBM SinExpoUBM Sinoexpo, a subsidiary of UBM plc, has acquired a 70% economic interest in the Shanghai International Franchise Exhibition, organised by Shanghai Exhibition-Conference Ltd.

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.

Shanghai

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CloserStill acquires majority stake in Masie Productions’ “Learning Conference”

CloserStillCloserStill Media, the London-based exhibition and conference organiser, has entered a joint venture with Masie Productions to produce future editions of the Learning Conference in Orlando. The terms of the transaction were not disclosed.

The Learning Conference draws around 2,000 delegates from the technology and corporate learning sectors each year and more than 40 commercial sponsors in the learning and technology field. In 2017, former First Lady Michelle Obama and actor John Lithgow were keynote speakers and Leslie Odom Jr., author of “Failing Up”, and star of Broadway hit musical Hamilton and author Dan Pink will head the international speaker faculty of ‘Learning 2018’ in November.

Elliott Masie is among the most well-known figures in the global eLearning industry. He is founder of the Masie Center, an international learning lab, and chair of The Learning Consortium, a 20 year old collaboration of Fortune 500 companies. Under the new partnership with CloserStill, Masie will continue to lead the programme curation and act as host for the Learning Conference for the new JV company – CSM Learning, LLC.

A new focus on disruptive technologies will form part of Learning 2018, with the introduction of Tech @Learning – a multi-strand content programme focussing on adaptive learning, artificial intelligence and machine learning, emerging assessment technologies, chatbots, immersive realities, edTech and venture innovations.

CloserStill’s Learning Group Director, Mark Penton, said: “We are thrilled and honoured to be working with Elliott and his team. Elliott is an innovator and a disruptor and we feel that our combined global experience in the learning world will make for a very exciting new era for the Learning Conference which we have long admired and respected”.

UK, London & USA, Saratoga Springs, NY

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ITE Group acquires Platform Exhibitions in Turkey

ITEE Uluslararası Fuar Tanıtım Hizmetleri A.Ş(EUF) in Turkey, a wholly owned subsidiary of exhibitions business ITE Group plc,  has acquired Platform Exhibitions Inc from Mahmut and Ayse Er.

Platform owns the Beauty Eurasia exhibition which serves the beauty, personal care and cosmetics industries in Turkey and the surrounding region. Beauty Eurasia is held in Istanbul in June each year. The 2013 exhibition was the 9th edition of the event which sold more than 8,000m2 net and was attended by over 21,000 professional visitors.

beautyEurasiaITE has an established portfolio of existing Beauty events in Ukraine and Russia and earlier this year acquired an interest in the CosmoBeaute series of events in South East Asia.

The terms of the deal were not disclosed. The consideration will be financed out of the Group’s existing balance sheet and the acquisition is expected to be earnings enhancing in the first full year of ownership.

Commenting on the acquisition, ITE’s Chief Executive Officer, Russell Taylor, said, “Beauty Eurasia is the leading beauty and personal care exhibition in Turkey. The addition of this exhibition to ITE’s Turkish business is consistent with our strategy of building market leading positions in core markets and sectors. The beauty and personal care industry is a growth sector in developing markets and with this acquisition, ITE will leverage its international exhibition expertise to develop further its position and benefit from a wider portfolio within this sector.”

Turkey, Istanbul & UK, London

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Mash Media acquires International Confex from UBM Live

mashmedia-logoPublisher and event organiser Mash Media has acquired International Confex, the exhibition for the meetings and events industry, from UBM Live. The terms of the deal were not disclosed.
 
“

I am delighted to officially welcome such a well-loved event as International Confex into the Mash stable,” said Mash Media MD Julian Agostini. “I have been an admirer of the show for many years and this is an exciting and significant acquisition for the company. We are relishing the challenge of continuing UBM’s good work by making International Confex the essential exhibition for the meetings and events industry.”

confexIn June 2012 Mash Media acquired The Event Production Show from Ocean Media Group, alongside the Event Production Awards, Access All Areas magazine, and directory The White Book.

International Confex runs from 11-13 March at ExCeL London.

UK, Wimbledon, Surrey