Sign in or Register
 
 
Register today to receive each issue absolutely FREE!
The director of Reed's giant EIBTM MICE event in Barcelona, Graeme...
More
CMW catches up with Pacific World and finds the newly-expanded company has...
More
Fernando Lonergan on the need to get your event planning right. ...
More


Exhibition World Issue 77
Issue 77
Supplement: Basque Country
Supplement: Turkey
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 - Izmir Convention & Visitors Bureau in Turkey has launched a social media marketing campaign, which it hopes will help attract more international conferences, incentives and events to the city.

With the Ryder Cup at Gleneagles grabbing headlines recently, HVS London says hotel investors are rediscovering the appeal of EU golf resorts evidenced by 322m worth of single asset transactions in golf resorts.

MARRIOTT AND IHG EXPAND PRESENCE IN AFRICA
posted on: 2/10/2014 09:49:13
AFRICA - Marriott International, Africa's largest hotel company following its acquisition of Protea Hotel Group, has scheduled 30 property openings across the continent by 2020. Nine of these hotels will open by the end of 2015.

EUROPE - Kinga Socko from Poland Convention Bureau has been awarded the Larry Lee Memorial Scholarship.

WORLD - Specialist global events business ITE Group has announced a pre-close trading update for the year ending 30 September 2014, which hailed 'better than expected trading performance in Q4 and good cost control'.