Emerald Expositions Completes Acquisition of GLM
Emerald Expositions, Inc. (“Emerald”) and George Little Management, LLC (“GLM”) announced today that Emerald has completed the acquisition of GLM from Providence Equity Partners (“Providence”) for $335 million. The purchase price, including transaction expenses, was funded by $200 million of debt and a $140 million equity investment from Onex Partners III. Emerald was acquired by Onex Partners III in June 2013.
GLM creates face-to-face buying, selling and networking platforms for designers, product developers, manufacturers, retailers and operators through more than 20 leading tradeshows including four of the largest 100 trade shows in the U.S. GLM’s tradeshows serve industries as diverse as home furnishings, home textiles, stationery and paper products, giftware, tabletop, gourmet housewares, contemporary furniture and interiors, personal care, art & design, antiques & jewelry, fashion, board sports & resort lifestyle, and e-commerce. GLM has approximately 130 employees and operates out of six U.S. offices.
About Emerald Expositions
Emerald is a leading operator of large business-to-business tradeshows in the United States, producing more than 85 tradeshows and conference events per year connecting over 525,000 buyers and sellers across ten diversified end-markets, including general merchandise; sports; hospitality and retail design; jewelry, luxury, and antiques; e-commerce; photography; decorated apparel; building; healthcare; and military. Emerald is headquartered in San Juan Capistrano, California. The company’s shows are typically the most prominent and important for exhibitors and attendees within their various industries. For more information on Emerald, please visit www.emeraldexpositions.com.
About Providence
Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, communications, education, and information companies around the world. In total, the firm’s principals manage funds with $37 billion in commitments and have invested in more than 130 companies globally since the firm’s inception in 1989. Providence is headquartered in Providence, RI and also has offices in New York, London, Hong Kong, Beijing, and New Delhi. Visit www.provequity.com for more information.
For further information:
Emerald Expositions
Philip Evans, Chief Financial Officer
949.226.5714
Philip.evans@emeraldexpo.com
Providence Equity Partners
Sard Verbinnen & Co
Andrew Cole
212.687.8080
acole@sardverb.com
Jonathan Doorley
+44 (0)20.3178.8914
jdoorley@sardverb.com
