International business-to-business media company Tarsus Group has purchased the entire share capital of WR Kern Organisation, the holding company of Fairs and Exhibitions (F&E).
An initial cash consideration of £11.3 million will be followed by a payment of £5.5 million, based on the future performance of the business over the period to 30 April 2009.
WR Kern’s sole operating company, Fairs and Exhibitions (F&E), has been focused on the
Douglas Emslie, Tarsus Group managing director, said: “This acquisition presents
Due to the biennial nature of the F&E business, this acquisition is expected to be earnings enhancing in the current year and also over the biennial cycle of 2008 and 2009.