Arena Events Group has announced the acquisition of Events Solution Ltd (Events) in the UK. The purchase consideration is £2.5m for a high margin business (c27% PBT margin) which adds a complementary offering to Arena, as well as introducing Arena to a new client base. We assess the acquisition to be consistent with management's strategy of building scale (geographical and product/service offerings) onto a niche global platform. We upgrade our numbers, particularly FY19E, and reiterate our Buy r ....
26 Jun 2018
Cenkos: Arena Events Group Plc - Acquisition of Events Solution
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Cenkos: Arena Events Group Plc - Acquisition of Events Solution
- Published:
26 Jun 2018 -
Author:
Cavendish Research -
Pages:
6
Arena Events Group has announced the acquisition of Events Solution Ltd (Events) in the UK. The purchase consideration is £2.5m for a high margin business (c27% PBT margin) which adds a complementary offering to Arena, as well as introducing Arena to a new client base. We assess the acquisition to be consistent with management's strategy of building scale (geographical and product/service offerings) onto a niche global platform. We upgrade our numbers, particularly FY19E, and reiterate our Buy r ....