UBM Buys Allworld Exhibitions for $485 Million
December 13, 2016
U.K.-based UBM bought Allworld Exhibitions, a privately-owned Asian exhibitions business operating 51 tradeshows in 11 countries and across nine industry sectors, for $485 million.
Allworld generated revenues of $97.2 million and EBITDA of $37.6 million (38.7 percent margin) during the 12 months ended 30 June 2016.
“The acquisition of Allworld is wholly in line with our Events First strategy and represents an exceptional opportunity to accelerate growth by investing in a high-quality events business,” said Tim Cobbold, UMB’s CEO.
He added, “In so doing, we cement our position as the leading events business in Asia and achieve the No. 1 position in the fast-growing ASEAN region. We see excellent opportunities to accelerate organic growth in the business.”
Allworld is a pure-play portfolio of large, high-margin events in which 90 percent of revenues are generated from 28 major events. The company also has a consistent record of high organic growth, with 7.3 percent revenue CAGR during the last 10 years.
According to UBM officials, Allworld provides UBM with entry into the Middle East and fits well with UBM’s existing portfolio – particularly in Food & Hospitality, Packaging and Manufacturing – with entry into Oil & Gas.
In addition, there is significant opportunity to accelerate growth through operational initiatives and application of Events First best practices, they added.
Overall, the acquisition, is attractive financially because it is expected to enhance earnings in 2017, have return on investment to exceed cost of capital from 2019 and be fully deb- funded with new bridge facility
“Allworld’s management and employees bring tremendous experience and expertise to UBM, and I look forward to working with them to realise the growth potential of the combined business,” Cobbold said.
Partner Voices
Overview:
The award-winning Orange County Convention Center (OCCC) goes the extra mile to make every day extraordinary by offering customer service excellence and industry-leading partnerships. From their dedicated in-house Rigging team to their robust Exhibitor Services, The Center of Hospitality brings your imagination to life by helping you host unforgettable meetings and events. With more than 2 million square feet of exhibit space, world-class services and a dream destination, we are committed to making even the most ambitious conventions a reality.
In October 2023, the Orange County Board of County Commissioners voted to approve allocating Tourist Development Tax funding for the $560 million Phase 5A completion of the OCCC. The Convention Way Grand Concourse project will include enhancements to the North-South Building, featuring an additional 60,000 square feet of meeting space, an 80,000- square-foot ballroom and new entry to the North-South Building along Convention Way.
“We are thrilled to begin work on completing our North-South Building which will allow us to meet the growing needs of our clients,” said OCCC Executive Director Mark Tester. “As an economic driver for the community, this project will provide the Center with connectivity and meeting space to host more events and continue to infuse the local economy with new money and expanding business opportunities.”
Amenities:
The Center of Hospitality goes above and beyond by offering world-class customer service and industry-leading partnerships. From the largest convention center Wi-Fi network to custom LAN/WAN design, the Center takes pride in enhancing exhibitor and customer experience.
The OCCC is the exclusive provider of electricity (24-hour power at no additional cost), aerial rigging and lighting, water, natural gas and propane, compressed air, and cable TV services. Convenience
The Center is at the epicenter of the destination, with an abundance of hotels, restaurants, and attractions within walking distance. Pedestrian bridges connect both buildings to more than 5,200 rooms and is within a 15-minute drive from the Orlando International Airport. The convenience of the location goes hand-in-hand with top notch service to help meet an event’s every need.
Gold Key Members
The OCCC’s Gold Key Members represent the best of the best when it comes to exceptional service and exclusive benefits for clients, exhibitors and guests. The Center’s Gold Key memberships with Universal Orlando Resort, SeaWorld Orlando and Walt Disney World greatly enhance meeting planner and attendee experiences offering world-renowned venues, immersive experiences and creative resources for their events.
OCCC Events:
This fiscal year, the OCCC is projected to host 168 events, 1.7 million attendees, and $2.9 billion in economic impact.
The Center’s top five events during their 2022-2023 fiscal year included:
AAU Jr. National Volleyball Championships 2023
200,000 Attendees
$257 Million in Economic Impact
MEGACON 2023
160,000 Attendees
$205 Million in Economic Impact
Open Championship Series 2023
69,500 Attendees
$89 Million in Economic Impact
Sunshine Classic 2023
42,000 Attendees
$54 Million in Economic Impact
Premiere Orlando 2023
42,000 Attendees
$108 Million in Economic Impact
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