Sat, 11 Jun 2011 | DIVISION SALE
GLM, the trade show management company, has been put up for sale by Daily Mail & General Trust for around £120 million.
DMGT has appointed investment bank Jordan Edmiston to review strategic alternatives to GLM, and has already sent out sale memorandums to potential buyers, thought to include private equity groups and trade players. Interested parties are thought to include Informa, UBM and Reed Elsevier.
GLM was founded by George F. Little, in 1924 and now manages 15 tradeshows, mainly across the United States. In all, the company showcases over 11,000 exhibitors, attracting around 350,000 attendees each year. Shows include Surf Expo, the International Contemporary Furniture Show, the National Stationery Show and the New York Antique Jewelry & Watch Show.
The company also organises face-to-face and online buying, selling and networking platforms for luxury goods manufacturers and retailers, including Valentino, Loro Piana and Hermès.
DMGT began investing into the trade show business from 2000 and bought the remaining 51 per cent in 2007 for $155m. However the business is now being regarded as non-core by the conglomerate, which is trading at a price-to-earnings ratio of 9.
Founded in 2014, London-based IOTIC developed a novel platform (the “Platform”) to help organisations securely share and connect data across systems and teams. At its core is the Company’s proprietary “Digital Twin” technology, which creates virtual...
Specialising in the manufacture of cable and wire harnesses, the company provides a manufacturing facility which provides services such as wire stripping, electromechanical assembly, bespoke box builds, and modifications.
The business specialises in providing long-term, community-based care for individuals with complex physical and mental health needs. The company operates on a B2B basis, primarily focusing on providing support for individuals across the West Midlands...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.