×
60 609
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
By
Reuters
Published
Jan 26, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Trade show operator Emerald Expositions mulls $2 billion sale - sources

By
Reuters
Published
Jan 26, 2017

By Lauren Hirsch and Liana B. Baker Emerald Expositions LLC, the largest operator of business-to-business trade shows in the United States, is exploring a sale that could value the company at close to $2 billion (1.59 billion pounds), including debt, people familiar with the situation said on Wednesday.




A deal for Emerald at such a price would underscore the value that business executives place on face-to-face meetings and networking, despite the advent of electronic communications such as video conferencing and instant messaging.

Private equity firm Onex Corp (ONEX.TO) has hired Bank of America Corp (BAC.N) to run an auction for Emerald, the people said. Onex may pursue an initial public offering of Emerald if it is not satisfied with the acquisition offers it receives, the people added.

Emerald has roughly $160 million in 12-month earnings before interest, tax, depreciation and amortization, the people said.

The sources asked not to be identified because the details are confidential. Bank of America and Onex did not immediately respond to requests for comment. Emerald declined comment.

San Juan Capistrano, California-based Emerald's nearly 50 trade shows span industries that include jewellery, apparel, healthcare and military. It runs 30 of the top 250 trade shows in the United States, according to the company's website.

Onex acquired Emerald from information and measurement company Nielsen Holdings PLC (NLSN.N) for $950 million in 2013, when it operated under the name Nielsen Expositions.

Under Onex's ownership, Emerald has made a number of acquisitions, including its acquisition of George Little Management LLC for $335 million, which closed in 2014. George Little's trade shows include Surf Expo in Orlando, Florida, and the National Stationary Show in New York.

There has been demand for trade show businesses in recent years. In 2014, British communications and events company UBM Plc (UBM.L) bought Advanstar Communications Inc, best known for its semi-annual Magic fashion trade show in Las Vegas, for $972 million.


 

© Thomson Reuters 2022 All rights reserved.