ITE disposes of 75% holding in ECMI ITE Asia Sdn. Bhd to UBM (Informa)

ITE Group plc today announces it has sold its 75% stake in ECMI ITE Asia Sdn. Bhd. (“ECMI”), a Malaysia-based events business, and related assets in Indonesia to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc which recently became part of the Informa Group, for a cash consideration of MYR 15m1 (c. £2.8m*).  This disposal is in line with the Group’s Transformation and Growth Programme (the “TAG Programme”).

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QD Events acquires SFN Expo

QD Events, Scotland’s biggest event organiser, has announced the acquisition of the Scottish Fitness and Nutrition Expo. SFN has grown significantly since its inaugural event in 2013, with record attendances and high exhibitor retention rates. QD has been a partial shareholder since 2016, when it acquired 25% of the show. It now owns the remainder of SFN, after a bid for the further 75% was accepted.

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Mercator acquires Coastal Networks

Mercator Media Limited has acquired the Coastlink Network Limited, a neutral pan-European network dedicated to the promotion of short sea and feeder container shipping and how it forms part of a competitive supply chain.

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Wilmington has sold ICP to its management

Wilmington, the provider of information, education and networking services in Risk & Compliance, Professional and Healthcare knowledge areas, has announced the sale of ICP, its specialist leading credit reporting company, to its current management team. The transaction price of £3.0m will be paid in instalments over the next five years. 

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Accuity acquires Safe Banking Systems

SBS is a specialist provider of innovative Know Your Customer due diligence and anti-money laundering solutions that enable financial institutions to identify, assess and manage risk across the enterprise. SBS’s solutions perform advanced false positive reduction and risk assessment in the account screening process across a number of sectors, including high volume banks and non-bank financial institutions, bringing greater intelligence for entity resolution to clients worldwide.

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Anthem acquires Womens Running

Anthem CEO, Jon Bickley, said, “We’re delighted to bring Women’s Running on board at Anthem to join our emerging group of women’s wellness brands. Women’s Running is a title I’ve admired for many years for its powerfully strong editorial proposition

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DVV acquires Smart Rail World

Railway Gazette’s parent company DVV Media International has purchased events and digital media business Smart Rail World Ltd and its subsidiary Global Transport Forum Ltd. The London-based business manages a suite of international events in the rail and transport sector including Smart Rail, Smart Transit, Smart Metro, Safe Rail and the Transport Security Congress.

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Ocean Media acquires Venues & Events Live

Venues & Events Live, the UK’s leading events industry trade show and networking opportunity for corporate event organisers, has been sold by Monomax Limited to Ocean Media Group Limited, the London based events and digital information business. The terms of the deal are not being disclosed

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Atlantic Media sells Quartz to Japan’s Uzabase

Atlantic Media has sold Quartz to Japanese online media group Uzabase in a deal that values the US-based business news site at up to $110m. The sale of one of the best known online business brands follows a fallow period for digital publishers, whose valuations have slid in recent years

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