UBM adds exhibitions to portfolio

United Business Media (UBM), a business news distributor and events organiser, has completed its 15th acquisition this year.

The global group has bought Ithaca Holdings from its management and NVM Private Equity for £14.25 million cash.

The purchase was made through UBM’s business information division, CMP information. The deal will add Ithaca’s portfolio, which comprises six B2B and related media events, to CMP’s operations.

CMP Information chief executive Gary Hughes said: “This acquisition builds and broadens CMPi’s media portfolio in a number of our existing B2B markets, adding a complementary event component to our offering in each of those B2B communities.”

Ithaca’s portfolio comprises three trade exhibitions – Internet World, Leisure Industry Week and Service Management Europe, and three smaller events – London Calling, Triple I and SALTEX.

UBM is listed on the FTSE 250 and has a £1.8 billion market cap.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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