Onex Corp has completed the acquisition of Nielsen Expositions – the company behind leading North American trade show Interbike. The US$950 million in cash consideration sees Onex take on Nielsen Expositions’ portfolio of large, business-to-business tradeshows in the US.
In tandem with the closing of the deal, the company was renamed Emerald Expositions Inc.
David Loechner, Chief Executive Officer of Emerald Expositions, said “[The] Onex acquisition of our business has given us a partner that will help Emerald pursue new growth opportunities while continuing to deliver exceptional value to our exhibitors and attendees.”
Kosty Gilis, a Managing Director at Onex added “We’re excited to work with David and his management team to grow the company through both continued expansion of its existing shows and add-on acquisition opportunities.”
Jewel in the crown
Now under the Onex umbrella, via the newly renamed Emerald Expositions, Interbike and Emerald’s other endurance & outdoor properties look to be on an even stronger footing. In addition to Interbike, Emerald’s portfolio includes: the summer and winter Outdoor Retailer shows and leading trade journal Bicycle Retailer & Industry News (BRAIN), which is operated independently under licence by a division of the National Bicycle Dealers Association (NBDA).
Emerald Expositions is headquartered in San Juan Capistrano, California. It is a leading operator of large business-to-business tradeshows in the United States, producing over 65 tradeshows and conference events per year connecting over 335,000 buyers and sellers across nine diversified end-markets, including general merchandise, sports, hospitality and retail design, jewelry, photography, decorated apparel, building, healthcare and military.
Private equity
With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. ‘Onex acquires and builds high-quality businesses in partnership with talented management teams.’
The company has approximately US$16 billion of assets under management, including US$5 billion of proprietary capital, in private equity, credit securities and real estate. Onex invests its proprietary capital directly and as a substantial limited partner in its funds.
Onex businesses have assets of US$44 billion, generate annual revenues of US$37 billion and employ approximately 243,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol OCX.
www.onex.com
www.emeraldexpositions.com
www.interbike.com
www.bicycleretailer.com
www.outdoorretailer.com
