This Just In
  • Tom Cindric joins Winsight as President, Exhibitions to oversee National Restaurant Show. Mary Pat Heftman now Vice Chairman of Winsight.
  • Emerald Expositions Events Inc. tapped former UBM exec, Sally Shankland, to serve as its President and CEO. Phil Evans continues as CFO.
  • The division of Informa PLC created by the combination of UBM and Informa has been renamed and rebranded as Informa Markets.
  • Trade Show Executive won three prestigious ASBPE “Azbee” Awards in Chicago. TSE is also a national finalist for Magazine of the Year Award.
  • Informa PLC launched Informa Ventures offering capital, access to markets, mentorship, and expertise to knowledge and information start-ups.
  • Freeman Vice Chair Carrie Freeman Parsons promoted to Chair replacing Don Freeman, who will become Chairman Emeritus in July.
  • Marketplace Events (MPE), producer of 66 consumer shows in North America, acquired the Arizona Bridal Shows from Townsquare Live Events LLC.
  • Nominations for 2019 Trailblazers Opens for Trade Show Executive’s Trailblazers program which recognizes the industry’s up-and-comers.
  • Informa Exhibitions reported a 6.7% jump in underlying revenues for 2018 even as it absorbed the blockbuster acquisition of UBM.

PE Firm Charterhouse Makes Bid for Tarsus

TSE
, TSE Staff
May 26, 2019
Share On:
LONDON — On Friday, European private equity firm Charterhouse said it made a cash bid for Tarsus, valuing it at around £ 561 million (roughly $712 million). 
 
The terms of the acquisition imply a value of £668m and a multiple of 17 times the company’s gross average earnings before EBITDA in the company’s past two financial years. Charterhouse is using an acquisition vehicle named Tiger Acquisitions UK to carry out the transaction.
 
If investors approve the pre-close dividend at the company’s annual general meeting on June 19, 2019, Tarsus shareholders will also be entitled to a final dividend of 7.7 pence, or about 10 cents, for each share for the year to December 31, 2018. 
 
Formed in 1998, the London-listed media firm specializes in a wide range of B2B media activities including exhibitions and conferences. It runs more than 160 events with a number of flagship brands including Labelexpo and the Dubai Airshow.
 
 
Share On: