April 30, 2017
This Just In
  • Emerald Expositions Events Inc. stock is set to start trading on the New York Stock Exchange April 28, 2017.
  • The offering will trade under the symbol EEX and is expected to close May 3.
  • The initial public offering price on 15.5 million shares of common stock will be $17 per share.
  • The architect for Messe Frankfurt’s new Hall 5 has been selected. Gruber + Kleine-Kraneburg will design the building, which opens in 2022.
  • The design will mirror the current two-story Hall 5, but with a column-free first level. Work begins when the Hall 6 renovation is finished.
  • The American Association of Sleep Technologists (AAST) signed with SmithBucklin to provide full-service association management services.
  • Abigail Lynn will serve as Executive Director for AAST, which will move its headquarters to SmithBucklin’s Chicago office on July 1.
  • The Albany Capital Center in upstate New York opened in March with 60+ events on the books for 2017. The overall project cost $78 million.
  • The new center, which is managed by SMG, has approximately 31,700 sf of meeting/exhibit space that can accommodate up to 5,000 people.

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

Sandi Cain
, News Editor
January 10, 2017
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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

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