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UK-based Informa Acquires Hanley Wood Exhibitions

UK-based Informa Acquires Hanley Wood Exhibitions

Irving, TX – Hanley Wood, a Texas-based multimedia company, has sold its Hanley Wood Exhibitions business to Informa PLC, a U.K.-based publishing and events company that operates in more than 40 countries.

The $375 million sale is subject to customary regulatory review and is expected to close by the end of 2014.

Upon the closing of the transaction, the exhibitions business will be rebranded Informa Exhibitions US and will maintain its headquarters in Irving, Texas. The deal adds 17 construction and real estate events to Informa’s portfolio.

According to the deal, Hanley Wood and Informa PLC “will enter into a long-term partnership agreement under which Hanley Wood will continue to provide editorial and marketing support for Exhibitions events.”

Hanley wood portfolio includes the World of Concrete exhibition, which was ranked No. 23 on last year’s TSNN Top 250 Trade Show list, and Greenbuild International Conference & Expo, which ranked No. 149 on the same list.

“This partnership agreement will allow Hanley Wood Media to maintain its role as the official media and information provider to the various events we have supported for many years,” the companies said in a joint statement.

11/24/2014

UK-Based UBM May Acquire California-Based Advanstar

Santa Monica, CA – British communications and events company UBM Plc is reportedly in the final stages of talks to acquire privately-held US trade show organizer Advanstar for around $900 million.

California-based Advanstar is best known for putting on the bi-annual Magic Show in Las Vegas, the largest fashion and apparel trade show in the US.

The US company generates roughly $95 million in earnings before interest, taxes, depreciation and other factors, and could sell for roughly 10 times that amount, according to press reports.

According to its website, UBM, which owns PR Newswire, is the world’s second-largest “pure play” events organizer.

Advanstar is an event and market services business that serves professionals in the fashion, licensing, life sciences and ‘power sports’ industries. The company has about 600 employees in North America and Europe.

09/19/2014