UBM announced in mid-December the acquisition of Allworld Exhibitions, a leading privately-owned Asian exhibitions business (250 employees) for a cash consideration valuing the business at US$485m. The deal will be fully debt-funded with existing credit facilities and a new $365m bridge facility to be replaced with new longer term debt in due course.
27 Dec 2016
Acquiring a pure-play events business
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Acquiring a pure-play events business
UBM announced in mid-December the acquisition of Allworld Exhibitions, a leading privately-owned Asian exhibitions business (250 employees) for a cash consideration valuing the business at US$485m. The deal will be fully debt-funded with existing credit facilities and a new $365m bridge facility to be replaced with new longer term debt in due course.