Sun, 15 Apr 2018 | BUSINESS SALE
FC Business Intelligence, which organises events around the world for the energy, pharmaceutical and insurance industries, is reportedly up for sale for between £70m and £80m.
According to a report in the Sunday Times, the directors of FC, as it is known in the industry, have appointed Clarity, the corporate finance boutique, to carry out a strategic review and examine the possibility of a trade sale.
The company was set up 28 years ago by Guy Grant with a focus on emerging markets. Grant still remains chairman of the company with a sizeable stake.
Since then the business has grown organically in influence and size. The London-based business regularly bills £25m of annual revenue and runs around 200 events across the world. Although the bulk of its earnings comes from conferences, the company is seeing seeing rapid growth in subscription services, publishing activities and bespoke research consultancy.
However many of its larger competitors have been growing even faster through acquisitions and takeovers, in an industry which has experienced heavy consolidation of late. Ascential (formerly EMAP) is in the throws of selling its event and exhibitions business for £300m. Earlier this year Informa announced a merger with UBM, creating a listed £9bn events giant. Clarion Events just announced its £210m acquisition of US events business PennWell.
This business opportunity presents a solid foundation for expansion within the aviation sector, backed by a strong management team and a robust client base spanning over two decades.
An exciting opportunity to acquire a well-established business specialising in recruitment, with a proven track record in connecting top talent with leading employers.
This is a unique opportunity to acquire a business specialising in labour recruitment and personnel provision, known for its reliable workforce solutions across various industries.
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.