Clarion Events completes merger with Global Sources

ClarionLondon-based Clarion Events, one of the world’s leading independent events organisers, has completed a merger with Global Sources, a leading Asian exhibitions and online B2B marketplace operator based in Hong Kong. Funds managed by Blackstone will control the combined group. Terms of the transaction were not disclosed.

Combining both market-leaders will create one of the largest privately-owned exhibitions businesses globally, with substantial scale across Asia, Europe and North America, organising 200 events per year and generating more than £300m of Revenues. The combined group will be led by the existing Clarion management team under Chief Executive Officer Russell Wilcox and Chairman Simon Kimble. The new group will continue to operate under the name Clarion Events, with the Global Sources brand identity retained in the Asian region.

Commenting on the announcement, Russell Wilcox, CEO of Clarion Events, said: “This merger marks an important milestone for both companies as we embark on an exciting new chapter. With the support of Blackstone, the new Group is well positioned to take advantage of our combined scale and global platform. We look forward to working with the Global Sources management, and believe that the remarkable expertise and capability of the combined company offers a very strong opportunity for future growth.”

UK, London & Hong Kong

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CloserStill acquires Online Educa Berlin

CloserStillCloserStill Media is to acquire Online Educa Berlin, a cross-sector conference on technology-

supported learning and training, from ICWE GMbH for an undisclosed sum. The terms of the deal were not disclosed.

Founded in Berlin, Germany in 1995, OEB is an annual international conference on technology-supported learning and training (e-learning), welcoming over 2,000 delegates from across the corporate, education and public sectors, and including an exhibition featuring more than 80 international Edtech companies and institutions.

The acquisition will complement CloserStill’s existing event brand, Learning Technologies, which has events in Paris and London.

Commenting on the acquisition and the launch plans for Learning Technologies Germany in 2018 alongside OEB, CloserStill’s learning group director, Mark Penton, said: “We are genuinely excited to bring the highly respected OEB event into our family of market-leading events and to work with its founder Rebecca Stromeyer.

“We see a significant opportunity to evolve OEB into one of Europe’s most important learning events with the introduction of our Learning Technologies brand into the heart of the European marketplace.”

Germany, Berlin, UK, London

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Mood Media Announces Acquisition of Technomedia Solutions

moodmedia-purpleMood Media Corporation has acquired the assets of Technomedia Solutions and its sister company GoConvergence for approximately $23 million in cash. In addition to the $23 million purchase price is a contingent consideration payable in 2014 dependant on the profitable growth of operations.

Technomedia Solutions and GoConvergence create and deliver media and technology for a range of projects including displays, kiosks and interactive content for multiple industries such as retail, hospitality, theme parks, performing arts, museums, special venue, education among others. The firm, formed in 2001, operates a turn-key model and has clients including Abercrombie & Fitch, Hard Rock Café International, Cirque du Soleil, Wanda Group as well as other global entertainment and education clients.  In 2012, Technomedia is expected to generate annual revenues of US$43 million and EBITDA of US$5.7 million.

“The transaction will be immediately accretive to Mood Media’s shareholders while accelerating the growth profile and competitive positioning of the combined businesses. We are excited about the opportunity ahead and look forward to utilising our combined strengths to build on what Technomedia has established in concert with Mood’s initiatives to help our customers achieve their goals,” stated Lorne Abony , Chairman and CEO of Mood Media.

CA, Concord, ON & USA, Orlando, FL