Sign in or Register | Newsletter
 
 
Register today to receive each issue absolutely FREE!
Known for its textiles and fashion, Daegu is now looking to boost the...
More
CMW hears from global associations about how best to handle the impact the...
More
The director of Reed's giant EIBTM MICE event in Barcelona, Graeme...
More


Exhibition World Supplement: Dubai
Supplement: Dubai
Exhibition World January 2015
January 2015
EXPONET FAMILIES REGAIN OWNERSHIP FROM ANZ PRIVATE EQUITY
posted on: 25/10/2011 09:35:18
exponet buy back

AUSTRALASIA – The two families behind Australia-based exhibition and event supplier ExpoNet have bought back total ownership of the company from shareholder ANZ Private Equity.

ExpoNet founders Jim Delahunty (MD) and Greg Chambers (director) said the decision followed a successful acquisition and expansion programme. ANZ Private Equity came on-board as an equity partner and major shareholder in 2008 to provide funding for the company’s acquisition of AE Group, Onsite Power and Light and Expo Hire.

“The wide corporate insight and disciplines introduced by ANZ Private Equity have helped us achieve our expansion and integration goals quicker than anticipated,” Delahunty explained. “We’ve successfully integrated a group of companies, positioning ExpoNet as the largest conference and exhibition industry supplier in Australia and we look forward to further building on this success as a fully family-owned company.”

ExpoNet was established in 1980 and now supplies more than 400 events annually across 100 venues in Australia. The company rebranded from Expo Hire to ExpoNet in 2010.

Delahunty said the decision to regain full ownership represented a renewed commitment from him and Chambers to the exhibition and events industry. The pair now have plans to invest in new products and services.

“Greg and I have more than 60 years combined experience in exhibition and events and our commitment to this industry is now stronger than ever,” Delahunty added. “Our management team is also highly experienced and dedicated to ensuring the future success of our company.”

Got a news story for CMW? Email us: cmw@mashmedia.net

Print:
Email:
Share article:
COMMENTS
Would you like to Leave a Comment?
LATEST NEWS
EUROPE - International booking agency and employee engagement specialist BI Worldwide, part of the Schoeneckers group, has appointed ex-EMEA regional director at the Pacific World DMC, Shaun Casey, as operations director.

EUROPE - The International Convention Centre (ICC), Birmingham, in the UK, has signed up four new religious events to the venue this year.

WARNING OVER NEW COUNTER TERROR RULES
posted on: 28/1/2015 15:01:56
EUROPE - Stringent new travel rules will put pressure on event organisers, an agency boss has claimed.

CISCO LIVE 2015 UPS SOCIAL MEDIA INTERACTION
posted on: 28/1/2015 14:34:41
EUROPE - Cisco Live 2015, taking place at Milan's Milano Congressi convention centre this week, has upped its social media initiative in 2015.

EUROPE - Jurys Inn, the chain of 31 hotels predominantly based in the UK and Ireland, has been sold for 680m (US$1.03bn).