This Just In
  • Detroit’s Cobo Center receives ASTM Venue Standard recertification, having first received certification in 2015.
  • Host to this year’s Sustainable Brands Conference, Cobo Center was the 9th facility in 2015 to receive ASTM Venue Standard certification.
  • Convention Data Services broke ground on its new corporate headquarters in mid-March. The approximate 30,000-sf building opens in Q1 2018.
  • The new digs are next to the current CDS HQ in Bourne, Mass. The construction will accommodate the company’s growth and create new jobs.
  • China’s Shenyang New World EXPO opened March 1, hosting 2 exhibitions in its first month of operation, with a third to be held 23-25 March.
  • To date, the largest event was a dental equipment and oral health exhibition, open 16-19 March, which drew more than 39,000 attendees.

JEGI Reports M&A Activity in the Exhibitions & Conferences Sector Declined in 2016

Sandi Cain
, News Editor
January 10, 2017
Share On:

New York -- M&A activity in the exhibitions and conferences sector declined 23% in deal volume in 2016, but still saw 66 transactions totaling $3.3 billion vs. 86 deals worth $3.7 billion in 2015, according to a report by JEGI, an investment bank serving the media, information, marketing, software and tech-enabled service sectors.

Notable deals in Q4 2016 included the UBM acquisition of Allworld Exhibitions Alliance, for $485 million. Allworld operates trade shows for several sectors in the Middle East and China.

Across the media, information, marketing, software and tech-enabled service sectors, deal value in the M&A market surged in 2016 to nearly $220 billion, driven by mega deals like Microsoft’s $29 billion acquisition of LinkedIn. In the face of rebounding consumer and business confidence, deal value for last year was 44% higher than 2015’s $152.3 billion, but the number of M&A transactions declined from 2,342 in 2015 to 2,157 in 2016, according to JEGI.

With robust equity and debt markets, as well as excess cash in the hands of both corporate and private equity buyers, JEGI expects M&A activity to remain strong in 2017.

Reach Adam Gross at (212) 754-0710 or adamg@jegi.com

Share On: