AMERICAS - Emerald Expositions has acquired George Little Management (GLM) from Providence Equity Partners for US $335 million.
Tradeshow organiser GLM manages more than 20 events including NY NOW, International Contemporary Furniture Fair, Internet Retailer Conference & Exhibition, National Stationery Show, Surf Expo, SURTEX and The Original Miami Beach Antique Show.
“GLM is a truly outstanding tradeshow company with an exciting portfolio and an experienced and talented workforce,” said David Loechner, chief executive officer of Emerald Expositions. “This acquisition expands upon our position as a leading tradeshow organiser in the United States.”
Charles McCurdy, chief executive officer of GLM, said: “This transaction demonstrates the strength of GLM’s shows that have grown successfully thanks to the effectiveness of the GLM team and Providence’s support.”
The transaction is expected to be finalised in January 2014, subject to customary regulatory approvals. The acquisition will be funded with approximately US$200 million of debt and a US$140 million equity investment from Onex Partners III. Emerald was acquired by Onex Partners III in June 2013.
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