Nielsen (owners of the Outdoor Retailer and Interbike tradeshows under their Nielsen Expositions wing) got what appears to be a pretty clean exit from the tradeshow business today when they sold Nielsen Exhibitions to a Canadian private equity fund (Onex Coproration) for $950 million, according to a post on Rapaport.
“This is an exciting development in the history of the Nielsen Expositions business,” said David Loechner, the president of Nielsen Expositions. “Onex’ experience and successful track record in executing similar corporate carve-outs and building those divisions into industry-leading businesses position it as a strong partner. We look forward to working with Onex to execute our strategic plan and to continue to grow the business to better serve the exhibitors and attendees who participate in our events, all the while providing a seamless, business-as-usual transition for our clients and associates.”
Wonder who Onex is going to sell it to next year?
[Link: Rapaport]
