Morrison in Flashes and Flames suggesting that we could be in for a bout of M & A activity when exhibitions start to re-establish themselves . Over the last year while most exhibitions markets remained closed , China has remained the one country that has consistently delivered busy exhibitions so it ’ s not surprising that most of the current acquisition

activity is also taking place there . Nexus Point , an Asian Private Equity fund with a focus on strategic opportunities in China , has agreed to invest up to € 192m in GL Events Greater China in two tranches over the next two years . GL Events announced their 2020 results with an overall 59 % drop in revenue from 2019 . Unsurprisingly , all three areas of their business – live ,

exhibitions and venues - showed significant decreases with exhibition revenue down 70 % from € 231m to € 68m . GL made several acquisitions in China in 2019 and the first part of 2020 including exhibitions in home décor , fashion and the medical sector . China is the main country that has been able to hold exhibitions through 2020 and this funding will allow GL to

continue the development of their business there through targeted acquisitions . In terms of collaboration , Nexus Point will provide its knowledge of industry sectors , its resources and its expertise in identifying targets and completing transactions . Reed Sinopharm , the joint venture between Reed Exhibitions in China and the Sinopharm Group ( China National Pharmaceutical

06 — June