Tue, 04 Feb 2025 | BUSINESS SALE
Abu Dhabi group Modon Holding has bought the Cambridgeshire-based owner of Arena Events Group.
Modon said it entered into a definitive agreement with IHC and TasHeel Holding for the acquisition of Arena which provides large scale temporary infrastructure and integrated event services.
Events Arena has been involved with include services and infrastructure support provided to the 2024 Paris Olympics Games, Formula 1 races in Abu Dhabi, Jeddah, Vegas, Miami and Austin, Wimbledon and the annual Cinch Championships at Queen’s Club in London as well as setting up a modular cricket stadium for the T20 World Cup in New York.
Arena has also been a long-standing partner of the Professional Golfers’ Association of America and LIV Golf, providing full-service solutions for championship tournaments annually across various geographies.
Modon said the deal further strengthened its profile in the global events industry and significantly broadens its existing capabilities in this sector, and its presence in more than ten countries that Arena operates in, notably US, UK and Saudi Arabia.
H.E. Jassem Mohammed Bu Ataba Al Zaabi, chairman of Modon Holding, said: "The addition of Arena to the Modon portfolio is a key achievement in our journey to expand our international footprint, build diversification and develop the breadth of our services in the global events industry. Arena’s experience as a leading services provider for flagship events across North America, Europe and Asia will be invaluable as we continue to enhance Modon’s international platform to enable and accelerate growth and create long term value for our shareholders."
Syed Basar Shueb, chief executive of IHC, added: "Arena Group has flourished under IHC’s ownership over the last three years, and this move allows Modon to fully leverage its synergies with their expanding footprint in temporary infrastructure, venues and event structures that deliver exceptional value and impact across local and international markets."
Find out more about why overseas companies are interested in UK firms
This is an exciting opportunity to acquire a multi-purpose leisure facility, including multi-story soft play, café and infra-red shooting facility based in the North East of England.
A much photographed, historic Exmoor National Park free house hotel in a picture postcard setting overlooking the village green and Winn Brook. The brook flows into the nearby River Exe. The inn is believed to date from the 12th century, when it was...
LEASEHOLD
Presenting an opportunity for an acquirer seeking a character stone built 17th century village inn with epic lounge bars and a restaurant oozing personality.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.