Exhibition News November 2018 - Page 10

NEWS THE DEALMAKER Steve Monnington of Mayfield Media Strategies runs the rule over the latest global exhibition deals F 10 ollowing the £300m acquisition of Ascential Events ITE has acquired Mining Indaba, the world’s largest mining investment conference held in Cape Town, from Euromoney for an initial price of £20m with a further £10.1m to be paid next year. Euromoney acquired the business in 2014 for £45.3m so is making a significant capital loss on the transaction. EBITDA has declined from £6.2m at the time of the 2014 acquisition to £3.7m although the Euromoney press release puts current operating profit even lower at £2.5m. If there is an upcycle in Mining on its way, as many people believe, this could prove to be a decent acquisition and there could be additional synergies to be had as ITE already operates Africa Oil Week. Tarsus has been tidying up parts of its portfolio. Its partnership with EJ Krause in Mexico first started in late 2013 with the acquisition of 50 per cent of two of its exhibitions and expanded in 2017 to the include the rest of EJK’s portfolio. Now Tarsus has bought out the remaining 50 per cent stake of the overall business to take full 100 per cent ownership. It’s a very safe and logical way to buy into what was a new geographical market for Tarsus. It also acquired a further 25 per cent of its Malaysian JV, AMB Tarsus, which runs shows in Myanmar, Cambodia and several other South East Asian countries to take their stake to 75 per cent. At the same time it announced a ‘strategic partnership’ with Streamline Marketing in Dubai, organiser of the Global Aerospace Summit and Global Space Congress which will fit nicely with the Tarsus-owned Dubai Airshow. There is a lot of activity in China again with GL Events signalling its intention to expand there. GL is raising 107m (£94.3m) by issuing new shares and will spend most of this in China and Japan. As well as negotiating a majority stake in ZhongZhiXing, a company involved in logistics and event organising services, it has tantalisingly dangled the prospect of the acquisition of two exhibitions – one with a revenue of 40m and the other with 10m revenue. It’s unusual to allude to acquisitions before they are agreed, and the Dealmaker has his suspicions about the identity, but we’ll just have to wait and see what transpires. It’s rare these days that we don’t have a Clarion acquisition in this column and this month it’s a minority stake in Liberty Fairs Fashion Group who run Liberty, Cabana and Capsule in New York, Las Vegas and Miami. Clarion acquired the Womens Wear in Navada tradeshow in 2015 through its Urban Expositions subsidiary, followed by Berlin based fashion group Premium earlier this year. IEG Group which was formed by the merger of Rimini Fiera and Fiera Di Vicenza in 2016 has acquired 60 per cent of the Chengdu Environmental Protection Expo. Since the merger it has acquired 51 per cent of FB international – a US trade show display company, formed a partnership with Emerald Expositions for collaboration in the US jewellery sector and acquired 60 per cent of Rimini stand contractor Prostand. There was more Italian action with Bolognafiere Cosmoprof, the Beauty Fair organising arm of Bolognafiere acquiring German based Health & Beauty Group, organiser of cosmetic trade events in Germany, Switzerland, France, Poland, Hungary and Romania. We finish in India, the natural habitat for Messe Frankfurt which has expanded its footprint with a strategic alliance with the owners of the Stationery and Write Show which will now come under Messe Frankfurt’s Paperworld exhibition brand. THE NAME IN EVENT HIRE 0800 458 5701 Charles Wilson Engineers AD Final.indd 1 November 2018 | exhibitionnews.co.uk eventhire@cwplant.co.uk 15/03/2018 11:13