San Juan Capistrano, CA and White Plains, NY, January 15, 2014 –
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.
By press rlease
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