Exhibition News April 2019 - Page 13

M&A in FUTR Group, an insight and trends platform for retail, marketing and commerce. The business includes a two- day European Summit held in London and an Asia Summit in Singapore. Four acquisitions in the USA this month. Diversified Communications has acquired Intersolar, electrical energy storage (ees) and Power2Drive North America from German organisers Solar Promotion International and Freiburg Management and Marketing International (FMMI). The family behind Diversified also own a number of businesses outside exhibitions and publishing including a solar farm in Brunswick, Maine and this has driven the interest in entering the solar market. The TMA, a US tobacco industries trade association, has agreed to acquire the exhibitions and magazines owned by SpecComm International including TabExpo, a quadrennial event that rotates around Europe and is next scheduled for Amsterdam later this year, having taken place in London in 2015 and GTNF – the Global Tobacco and Nicotine Forum. With echoes of Endeavour Media/Resolute Capital Partners covered at the head of this column, CyberRisk Alliance is a new B2B business intelligence company launched at the end of 2018 by Doug Manoni, former CEO of SourceMedia, and backed by private equity firm Growth Catalyst Partners. Their first acquisition is Infosec World Conference and Expo which was owned by the MIS Training Institute, a training company focussing on internal audit, fraud and information security. Haymarket Media Group has acquired the National Association for Continuing Education (NACE) which has been organising medical education conferences for healthcare professionals in the U.S. since 2001. Haymarket Medical Media, a division of Haymarket Media Group, already produces more than 100 medical education programmes in print, digital and through conferences. Two of the big giants of venue management, AEG and SMG are to merge to create a 50/50 company to be known as ASM Global, resulting in a global portfolio of 310 arenas, convention centres and performing arts venues. What can we look forward to in the coming months? Back in November, Centaur announced a disposal program of three divisions including The Meetings Show. With its full year results due before the end of March we should expect an announcement to coincide with these. There has also been press speculation around a sale process for Easyfairs, one of the few remaining privately owned organisers. With an EBITDA estimated at €35m, it is roughly double the size of Mack Brooks, which was recently sold to Reed for a price thought to be in excess of £200m. With its 10 exhibition venues it might suit GL events, although its exhibition focus is currently in Asia. Otherwise we can expect private equity to make a noise. Senior figures at Reed Exhibitions talk international acquisitions: On the acquisition of India BIG7 Gregory Zaraisky, CEO, Reed Exhibitions, India: “Having known Jivesh Sachdev and his flagship event India BIG7 for more than two years, we have been very impressed by the team’s continuous drive to innovate, keep the event on-trend while focusing on the customers’ needs. By joining forces, we can increase customer value and help accelerate the transformation of the industries which urgently need investment, innovation and new technologies.” On the acquisition of Florida Supercon Lance Fensterman, global president of ReedPOP: “We are thrilled with the addition of Florida Supercon to the ReedPOP family. Mike Broder and his team have done an amazing job in making this show one that has incredible fan and industry support. We plan to spend time listening to the fans and exhibitors and then investing to build upon the awesome convention and continue to give the great fan base a fantastic experience. Mike Armstrong, vice president of ReedPOP: “I’m excited to continue to get to know the enthusiastic South Florida fan base and to have the opportunity to take an already great show and continue to make it better.” April — 13