French exhibitions company Comexposium Holding SAS has acquired Adhesion Group S.A. and its 74 per cent stake in World Bulk Wine Exhibition, S.L. from Euromoney Institutional Investor PLC, the international business information and events group.
Comexposium has also completed a transaction to acquire 16 per cent stake of World Bulk Wine Exhibition from Pomona Keepers S.L. to own a 90 per cent stake of the event.
The deal also includes three leading events:
- World Wine Meetings (one-to-one events on wine)
- Top Transport (one- to-one event on transport and logistics)
- MedFEL (one-to-one event on Mediterranean fruit and vegetables)
Commenting on the transaction, Renaud Hamaide, chairman of Comexposium, said: “Comexposium is continuing to build businesses in strategically important industry sectors and the acquisition of Adhesion Group and World Bulk Wine Exhibition increases our presence in the wine sector.
“This move is confirming the group’s ambitions to expand internationally its operations in markets with further potential for growth. I am delighted that Ahmad Monhem, Vincente José Sanchez-Migallon, Otilia Romero de Condes and their respective teams will be working with Comexposium to strengthen our presence in three sectors: wine, transportation, fruit and vegetables.”
Adhesion Group is a Paris-based exhibitions business that Euromoney has owned for over 20 years. Its principal event, Vinisud, is the international trade fair for Mediterranean wines, the world’s leading wine region, and it attracts around 1,650 exhibitors from countries around the Mediterranean.
World Bulk Wine Exhibition runs in Amsterdam each November and it is deemed the number one event for buyers of bulk wine.
Christopher Fordham, Euromoney’s managing director, corporate development, commented: “The wine sector is not strategic for Euromoney. We are delighted to have found in Comexposium a new owner, which is looking to invest in the sector and to take these businesses to the next stage of their growth.
“This transaction is part of Euromoney’s continuing strategy of recycling capital towards big investment themes like price discovery, post-trade activities, asset management and telecoms,” Fordham concluded.
The Comexposium group is involved in more than 170 B2C and B2B events across 11 different sectors, including food, agriculture, fashion, security, digital, construction, high-tech, optics and transport. The group hosts more than three million visitors and 45,000 exhibitors in 26 countries around the world.
It operates across 30+ global economic growth zones, such as: Algeria, Argentina, Australia, Belgium, Canada, China, Denmark, France, Germany, India, Indonesia, Italy, Japan, Korea, Monaco, Netherlands, New Zealand, Philippines, Qatar, Russia, Singapore, Spain, Sweden, Thailand, Turkey, UAE, UK and USA.
An international business-information group, Euromoney Institutional Investor PLC covers asset management, price discovery, data & market intelligence, and banking and finance under brands including Euromoney, Institutional Investor, BCA Research, Ned Davis Research and Metal Bulletin.
The group also runs an extensive portfolio of events for the telecoms, financial and commodities markets.