Big news this month as our client Clarion, the major international events organiser, has been snapped up by media investment firm Providence Equity in a deal worth over £200 million. Providence, who beat four other major private equity firms to the acquisition according to Exhibition News.
EN report that Clarion are expecting substantial investment from their new owners and may already be looking at businesses to acquire to fuel some pretty aggressive growth plans. Our media team have been working with Clarion for many years and I'm very positive about the acquisition.
This is good news for Clarion; the injection of investment will allow them to improve and develop their portfolio of events. We’ve seen recently from the likes of Top Right Group that aggressive growth plans can really work, and I’d expect to see something similar from Clarion. I’d expect to see investment across the board in event content, in improved delegate experience and in return on investment for exhibitors and sponsors. We’re looking forward to an attendant jump in Clarion’s recruitment needs too!