EXHIBITION NEWS May 2017 - Page 10

NEWS THE MONTH IN NUMBERS 5% visitor rise for Ideal Home Show in London 500 screens playing games at EGX Rezzed 35,000 visitors at National Homebuilding & Renovating Show 1st 10 episode of Future In 15 released online Quote/ Unquote “ We’re strongly committed to giving next generation leaders a voice and a global platform to further thrive. At UFI we meet a lot of dedicated young people worldwide who are putting their energy, ideas, initiative, into the exhibition industry: the NGL grant recognises, and celebrates the best of these talents. ” Kai Hattendorf, UFI managing director May 2017 | exhibitionnews.co.uk Olympia London sold in £296m deal Olympia London, the 130-year-old exhibition and events business, which is situated on a 14-acre freehold site in West London, has been sold to a joint venture of institutional investors. Led and advised by Deutsche Finance International (DFI), a global investment firm and part of the Deutsche Finance Group, and Yoo Capital (YC), the JV acquired the venue, which welcomes 1.6m visitors and hosts over 200 events a year over its seven connected spaces, in a £296m deal. The acquisition, from listed London property company Capital & Counties Properties PLC (Capco) also involves 3.9 acres of freehold land available for hospitality, leisure and residential development. Nigel Nathan, Olympia London MD, said: “This is an exciting time for our business; much care was taken throughout the sale process to ensure the continuation of Olympia London’s 130-year legacy. We look forward to working with our new owners on the next chapter in Olympia London’s rich history.” The joint venture includes Bayerische Versorgungskammer (BVK, Germany’s largest manager of public pension schemes investing through a fund administrated by Universal- Investment), the Versicherungskammer Bayern Group (VKB Germany’s largest public insurer), DFI European Value Add Fund (DFI Fund) and YC, as UK co-investor and asset manager. Gavin Neilan, co-managing partner of DFI, said: “We are delighted to have completed the transaction. We see tremendous long term potential in the 14-acre estate and an opportunity to grow Olympia’s status as a world-class exhibition and events venue working with the existing management team and our partners to enhance the customer experience through expansion of the retail, leisure and hotel offerings. We would like to thank the support we received from our lender Legal & General and all our advisers.” The Consortium was advised by Norton Rose Fulbright, Deloitte, Langham Hall and Jones Lang LaSalle. CloserStill ranked in FT1000 index CloserStill Media has been named the fastest growing exhibition organiser in Europe, according to the Financial Times’ FT1000 index. The inaugural report on Europe’s fastest growing companies revealed the organiser’s revenue growth of 184 per cent over three years (between 2012-2015) and a Compound Annual Growth Rate (CAGR) of 41.6 per cent. There are more than 23m companies in the EU and CloserStill has been ranked in the top 600 (577th) of all businesses in all sectors of industry. According to the FT, CloserStill ranked just outside the top 100 fastest growing companies in the UK, ranked 110th. “Our unique ownership structure, where our staff and management own the majority of the equity in the business, combined with our innovative business model, has allowed us to rewrite the rulebook on organic growth both here in the UK and internationally,” said Philip Soar, CloserStill’s executive chairman. In addition, London Vet Show won Best Trade Show and also Best Trade Show Marketing Campaign with Acute & General Medicine, at the 2017 EN Awards.