Sun, 15 Apr 2018 | BUSINESS SALE
FC Business Intelligence, which organises events around the world for the energy, pharmaceutical and insurance industries, is reportedly up for sale for between £70m and £80m.
According to a report in the Sunday Times, the directors of FC, as it is known in the industry, have appointed Clarity, the corporate finance boutique, to carry out a strategic review and examine the possibility of a trade sale.
The company was set up 28 years ago by Guy Grant with a focus on emerging markets. Grant still remains chairman of the company with a sizeable stake.
Since then the business has grown organically in influence and size. The London-based business regularly bills £25m of annual revenue and runs around 200 events across the world. Although the bulk of its earnings comes from conferences, the company is seeing seeing rapid growth in subscription services, publishing activities and bespoke research consultancy.
However many of its larger competitors have been growing even faster through acquisitions and takeovers, in an industry which has experienced heavy consolidation of late. Ascential (formerly EMAP) is in the throws of selling its event and exhibitions business for £300m. Earlier this year Informa announced a merger with UBM, creating a listed £9bn events giant. Clarion Events just announced its £210m acquisition of US events business PennWell.
Has extensive in-house expertise and relationships with a range of specialist subcontractors. Second-tier management team in place who can run the company on the day-to-day operations. Has obtained several awards due to its superior service offering....
LEASEHOLD
YE19 turnover of £909k with an adjusted EBITDA of £137k. YE20 outturn turnover of £754k. Established for over 30 years. Specialises in the design and installation of a range of electronic systems including CCTV, intruder alarms, building automation s...
LEASEHOLD
Independent supplier of leading brand office copiers and printers to businesses throughout the UK focused within the North East.
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