Home » Informa to buy events planner Tarsus Group for 793million

Informa to buy events planner Tarsus Group for 793million

by Dubaiforum

Informa has revealed the 793million acquisition of Tarsus Group as the group puts capital to work after a resurgence of in-person events.

The FTSE 100 company said the purchase of Tarsus from current owner Charterhouse Capital Partners would bring over 160 business-to-business events under its rubric.

These include the biennial Dubai Airshow, one of the world’s largest airshows, as well as the LabelExpo global events series and multiple infrastructure and healthcare-related exhibitions across Asia and North America.

Financing for the deal will come through cash and issuing $210million of new stock, with another $45million worth of shares being paid out should Informa’s share price hit 850p within a two-year lock-up period.

Informa expects the purchase to generate about $20million in annual operational benefits through savings in areas like real estate, procurement and technology.

DF

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