Emerald Expositions arises after the company formerly known as Nielsen Expositions was sold to Onex Corp., a private equity investment firm, for $950 million in cash consideration, making the acquirement of Nielsen Expositions from Nielsen Holdings N.V. complete.
“Onex’s acquisition of our business has given us a partner that will help Emerald pursue new growth opportunities while continuing to deliver value to our exhibitors and attendees,” said David Loechner, CEO, Emerald Expositions.
Onex Partners III made an equity investment of approximately $350 million, of which Onex’ share was $85 million as a Limited Partner in the Fund.
“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,” said Kosty Gilis, managing director, Onex.
Headquartered in San Juan Capistrano, Calif., Emerald Expositions produces more than 65 tradeshows and conference events per year, connecting 335,000-plus buyers and sellers across nine diversified end-markets, including general merchandise, sports, hospitality and retail design, jewelry, photography, decorated apparel, building, healthcare and military.