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
Here at Mandalay Bay, venues are inviting and innovative. As one of the most iconic names on the Las Vegas Strip, the Mandalay Bay Convention Center has recently undergone an exciting upgrade. This renowned venue now offers everything your business needs, with a refreshed convention space designed to inspire productivity and creativity, as well as an impressive selection of world-class restaurants and amenities. If you're searching for a venue that is both inviting and innovative, Mandalay Bay is the place to be.
Mandalay Bay is committed to investing in a new wave of enhancements, not only in the convention space but also throughout the entire resort. With new restaurant openings and remodels, spectacular entertainment, and updated rooms, Mandalay Bay promises to deliver new and exciting experiences to its guests until 2024.
To create a truly effective conference venue, Mandalay Bay has carefully considered what businesses require. The right technology, capacity, and inspiration are essential to take ideas to the next level. The refreshed Mandalay Bay Convention Center has been designed with your business in mind. Every room is equipped with newly-upgraded technology, enhancing our ability to support bandwidth demand and overall data capabilities. Additionally, the addition of 10 new digital walls provides bigger and more dynamic ways to display customized content messages.
Mandalay Bay offers world-class conference space and service. The venue options range from ballrooms to ample pre-function spaces, catering to teams of any size while accommodating multiple large groups simultaneously. Our certified planners work collaboratively with you to understand your specific event requirements, anticipating your business needs and offering the best-fit solutions.
In addition to providing exceptional conference facilities, Mandalay Bay is also dedicated to sustainability. We strive to give our guests an unforgettable experience while minimizing our impact on the environment. As part of our sustainable energy efforts, you'll find refillable water stations throughout the property, eliminating the need for single-use plastic bottles and reducing unnecessary plastic usage.
Mandalay Bay is proud to offer an upgraded and enhanced experience for businesses seeking a venue that combines innovation, convenience, and sustainability. Whether you're hosting a conference, meeting, or other business event, Mandalay Bay's refreshed convention space, world-class service, and commitment to sustainability make it the ideal choice. Come and discover the new wave of experiences awaiting you at Mandalay Bay on the Las Vegas Strip. Wherever your organization is going, getting there starts with being here.
Add new comment