This Just In
  • MGM Resorts is adding 80,000 square feet of conference space at the Monte Carlo in Las Vegas and rebranding the Monte Carlo as the Park MGM.
  • The project includes an outdoor terrace and the 10-room executive meeting center.
  • The entire Park MGM is being tailored for smaller groups of up to 5,000 guests.
  • A consumer gun show in Las Vegas has been cancelled. The Eastside Cannery Casino Gun Show was scheduled for the weekend of Oct. 7.
  • Las Vegas media said the schedule for another firearms show on Oct. 21-22 was still being decided. January’s SHOT Show remains on schedule.
  • Charlotte is moving forward with plans to renovate and add new meeting space to the city’s convention center. Work begins in 2019.
  • The $110 million project includes new pre-function space and 26,000 sf of meeting space. A new skyway will connect to the Westin hotel.
  • Diversified Communications announced the acquisition of Luxperience, an Australian hosted buyer event focused on luxury travel.
  • It is one of Diversified’s first forays into the hosted buyer segment. The move is expected to complement the company’s
  • British Tourism & Travel brand.

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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