Exhibition News February 2019 | Page 11

100 “There has been a change in the geographical make up of acquisitions” UK/USA Emerging 90 Other 80 70 60 organisers. We already saw UBM sell a number of exhibitions at the end of 2017 and ITE sell its two Malaysian businesses plus a chunk of its smaller Russia shows and we know that Centaur intend to dispose of three of its main exhibition divisions. • At least one more PE firm will enter the exhibition market, acquire a platform business and embark on a buy and build strategy. • We will see an acquisition or investment from a non-traditional business, probably data-driven. • Multiples will remain high, underpinned by the private equity buyers. It looks like 2019 will be another busy year for M&A with no doubt a few surprises along the way. 50 40 30 20 10 0 2014 11 2018 100 Deals Buyers 90 80 70 60 50 40 30 20 10 0 2014 2015 2016 2017 2018 exhibitionnews.co.uk | February 2019