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Informa Further Strengthens Leadership in B2B Market through Acquisition of Tarsus
3/9/2023
Informa (LSE: INF.L), the international Academic Markets, B2B Markets and Digital Services Group today announced the acquisition of B2B Events group, Tarsus for $940M. Stephen A. Carter, Group Chief Executive, Informa, said: ”We have long admired the Tarsus business which, like Informa, has been built around major brands in attractive, specialist B2B markets in the growing regions of Asia, China, the Middle East and the Americas.” Douglas Emslie, Chief Executive, Tarsus added: ”I am extremely proud of the Tarsus business, our people and our customers. I could not think of a better partner than Informa to lead our brands and colleagues through the next phase of growth and expansion.” Informa has reached agreement with Charterhouse Capital Partners and other shareholders (“the Sellers”) to acquire Tarsus, the leading international B2B group, for an initial enterprise value of $940m. The Informa Board believes the combination is both commercially and financially compelling, with strong portfolio alignment that will deliver enhanced value for customers, additional opportunities for colleagues and attractive returns for shareholders. Robert Leeming, Partner at Charterhouse, said: ”We are proud to have supported Tarsus’ development since 2019 and are confident that Informa is exceptionally well placed to deliver the next stage of the company’s growth strategy. We look forward to becoming a shareholder.” The Tarsus business: major brands in attractive specialist B2B markets Tarsus owns and operates a portfolio of 160+ Live and On-Demand B2B Event brands, with a focus on growing, specialist B2B markets with fragmented supply chains and high levels of innovation. The top 10 Tarsus Brands – attracting a total of c.515k attendees and 8,350+ exhibitors across c.385k net square metres of floor space - will further expand Informa’s Tier 1 portfolio to more than 85 Brands demonstrating the following characteristics:
The Tarsus business also significantly benefits from biennial events in odd numbered years. The Informa and Tarsus portfolios are complementary, both geographically and by market category, strengthening Informa’s position across a number of verticals including:
We will run a joint combination programme with three key objectives by January 2024:
Douglas Emslie, the current Chief Executive of Tarsus, will become a Senior Advisor to the Informa Group through the Combination Programme, guiding on talent, brands and partnerships. The combination of Tarsus with Informa is expected to generate c.$20m annualised operating synergies by 2025 through efficiencies in procurement, real estate, technology, event contracts and other areas. The combination is also expected to deliver incremental revenue benefits through cross marketing of Brands, digital expansion and new event launches, as well as harvesting first party data from Tarsus into IIRIS. Financial details
Separately, Informa has today published its 2022 Full Year Results, reporting c.43% revenue growth (£2,262m), c.59% adjusted operating profit growth (£496m) from continuing businesses. The full release is available via Informa’s website at www.informa.com. About Tarsus Founded in 1998, Tarsus has grown to become one of the most well-known and respected names in the B2B events industry. Businesses around the world, from small businesses to fast-growing start-ups and well-known brands rely on its events and media to launch products, build supply chains and brand awareness. Tarsus has been owned by Charterhouse Capital Partners since 2019. In 2021, it reported statutory revenue of $106m, statutory loss before tax of $92m and gross assets of $1,037m. Contact: questions@exhibitormagazine.com |
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