acquisition

Travel Leaders Group acquires UK event management business YES

Travel Leaders Group has acquired UK-based YES (Your Event Solutions), a MICE business with global meetings and event expertise. The addition of YES complements Travel Leaders Group’s growing presence in the meetings & incentive marketplace, and will provide both firms with additional geographic reach and industry expertise. A full-service event provider, YES provides a range of corporate even...

Personify acquires events management platform a2z

Texas-based Personify, Inc., a technology supplier for associations, has announced the acquisition of a2z, Inc., an events management and optimisation platform for event planners and organisers. “I am delighted to have a2z join the Personify family and provide our clients with a more integrated experience,” said Eric Thurston, President and CEO of Personify. “The combination of Personify and a2z e...

Ascential in line for high-growth from acquisitions

B2B events and information group Ascential announced, in a trading update 4 December, that it is trading in line with market expectations. The company said full-year revenue was expected above consensus driven by recent ‘high growth’ acquisitions. Following the completion of its two editions in the second half, the Money20/20 congress is expected to grow by 37% for the full year with the US editio...

UK’s Setsquare draws up acquisitions at the double

Surrey-based Setsquare Staging, one of the UK’s leading event construction businesses, has acquired Buckinghamshire-based Enigma Visual Solutions print and interior design specialists and Hampshire-based GTMS event and print production company. Both acquisitions are part of a strategic development that has helped transform Setsquare into a £20m (US$25.48m). Creative Director and founder of Setsqua...

Manchester’s Midland joins Leonardo Hotel group in £115m deal

Manchester’s most famous hotel has been sold in a deal worth £115m. The new owners are Swedish investment company Pandox and Fattal Hotels Group which bought the Jury’s Inn chain for £800m last year. The group has promised to invest £11m in the 312-room hotel. Manchester’s flagship hotel will also join the Leonardo Hotels group, owned by Fattal, although it will keep its famous name. The Midland i...

Cvent acquires Social Tables

Cvent has announced that it has acquired Social Tables, an event diagramming, seating, and collaboration platform. More than 5,000 organisations and hospitality brands, including Under Armour, Live Nation, Hyatt, The Venetian, ClubCorp, and Forbes, have utilised Social Tables to help them develop and plan nearly 4.5m events. Cvent acquired Social Tables to help event planners and venues better col...

Blackstone confirms acquisition of NEC Group

Private equity company Blackstone has announced the acquisition of the UK’s NEC Group – encompassing the NEC, Resorts World Arena, ICC Birmingham, The Ticket Factory and more –from the private equity arm of Lloyds Banking Group (known as LDC) in a deal worth a reported £800m. LDC originally backed a management buyout of the Group from Birmingham City Council in 2015 for £307m. Since then, it...

Blackstone nearing billion-dollar deal to buy UK’s NEC Group

American private equity firm Blackstone is nearing a deal to buy NEC Group for over £800m (US $1.06bn), Sky News reported yesterday. Blackstone is the world’s largest property investor, and recently agreed a £1.4 billion deal to buy Network Rail’s commercial property portfolio, comprising thousands of premises under railway arches across the UK. Blackstone specializes in private equity, credit and...

UBM acquires 75% stake in ECMI ITE Asia

ITE Group has announced the sale of its 75 per cent stake in Malaysia-based ECMI ITE Asia to UBMMG Holdings, a subsidiary of UBM, which recently became part of the Informa Group, for a cash consideration of MYR 15m (Approx. £2.8m). The sale forms part of ITE’s Transformation and Growth (TAG) strategy. ECMI runs the Cosmobeauté series of beauty trade exhibitions in Malaysia, Indonesia and Vietnam, ...

ITE Group completes Ascential acquisition

ITE Group has announced this morning the completion of its acquisition of Ascential Events, which was first announced on 15 May. A statement released to press said: “ITE Group is pleased to announce the completion of the acquisition of Ascential Events Limited from Ascential plc based on an enterprise value of £300m (calculated on a cash-free, debt-free basis and subject to normalised working capi...