Onex to Acquire Nielsen Expositions for $950 million

Onex to Acquire Nielsen Expositions for $950 million 
One of the Largest Operators of U.S. Business-to-Business Tradeshows 
TORONTO, ONTARIO -- (Marketwired) -- 05/06/13 --  
All amounts in U.S. dollar unless otherwise stated  
Onex Corporation ("Onex") (TSX:OCX) today announced that it has
agreed to acquire Nielsen Expositions from its parent, an affiliate
of Nielsen Holdings N.V. (NYSE:NLSN) ("Nielsen"), for $950 million in
cash consideration. Nielsen Expositions is a leading operator of
large, business-to-business tradeshows in the United States. The
transaction is anticipated to close in the second quarter, subject to
customary closing conditions.  
Based in San Juan Capistrano, California, Nielsen Expositions
produces more than 65 business-to-business tradeshows and conference
events each year across nine diversified end-markets, including
general merchandise, sports, hospitality and retail design, jewelry,
and photography. Nielsen Expositions has approximately 240 employees
and operates out of four U.S. offices. For the year ended December
31, 2012, Nielsen Expositions generated revenues of approximately
$183 million, adjusted EBITDA of $97 million and incurred capital
expenditures of $2 million on a stand-alone basis. 
"This is an exciting development in the history of the Nielsen
Expositions business," said David Loechner, President of Nielsen
Expositions. "Onex' experience and successful track record in
executing similar corporate carve-outs and building those divisions
into industry-leading businesses position it as a strong partner. We
look forward to working with Onex to execute our strategic plan and
to continue to grow the business to better serve the exhibitors and
attendees who participate in our events, all the while providing a
seamless, business-as-usual transition for our clients and
associates." 
"Nielsen Expositions' strength in the U.S. business-to-business
tradeshow industry is evidenced by its high renewal rates,
long-standing exhibitor relationships, and the brand strength of the
underlying shows," said Kosty Gilis, an Onex Managing Director. "This
is a great opportunity to partner with David and his management team
to build on the company's market leadership position through
continued expansion of its existing shows as well as select
acquisitions." 
"Nielsen is committed to investing in and developing capabilities
across our Watch and Buy segments," said Brian West, Chief Financial
Officer of Nielsen. "Divesting the Expositions business allows us to
focus on these core areas that provide our clients with a
comprehensive understanding of consumers while providing more
flexibility to return capital to our shareholders over time. Our
Expositions leadership team has built a world-class business with
successful and respected brands. We believe under Onex' ownership, a
great business will achieve even greater success."  
Onex Partners III, Onex' $4.7 billion private equity fund, will make
an equity investment of approximately $350 million, of which Onex'
share is approximately $85 million as a Limited Partner in the Fund. 
About Onex  
With offices in Toronto, New York and London, Onex is one of the
oldest and most successful private equity firms. Onex acquires and
builds high-quality businesses in partnership with talented
management teams. The Company has approximately $15 billion of assets
under management, including $5 billion of proprietary capital, in
private equity, credit securities and real estate. Onex invests its
proprietary capital directly and as a substantial limited partner in
its Funds.  
Onex' businesses have assets of $44 billion, generate annual revenues
of $37 billion and employ approximately 243,000 people worldwide.
Onex shares trade on the Toronto Stock Exchange under the stock
symbol OCX. For more information on Onex, visit its website at
www.onex.com. The Company's security filings can also be accessed at
www.sedar.com.  
About Nielsen Expositions 
Nielsen Expositions is a leading operator of large
business-to-business tradeshows in the United States, producing over
65 tradeshows and conference events per year connecting over 335,000
buyers and sellers across nine diversified end-markets, including
general merchandise, sports, hospitality and retail design, jewelry,
photography, decorated apparel, building, healthcare and military.
Nielsen Expositions is headquartered in San Juan Capistrano,
California. The company's shows are typically the most prominent and
important for exhibitors and attendees within their various
industries. To learn more about Nielsen Expositions, please visit
www.nielsen.com/us/en/about-us/nielsen-expositions.html. 
About Nielsen 
Nielsen Holdings N.V. (NYSE:NLSN) is a global information and
measurement company with leading market positions in marketing and
consumer information, television and other media measurement, online
intelligence, mobile measurement, trade shows, and related
properties. Nielsen has a presence in approximately 100 countries,
with headquarters in New York, USA, and Diemen, the Netherlands. For
more information, visit www.nielsen.com. 
Forward-Looking Statements 
This news release may contain forward-looking statements that are
based on management's current expectations and are subject to known
and unknown uncertainties and risks, which could cause actual results
to differ materially from those contemplated or implied by such
forward-looking statements. Onex is under no obligation to update any
forward-looking statements contained herein should material facts
change due to new information, future events or otherwise. 
Contacts:
Onex
Emma Thompson
Vice President, Investor Relations
+1 416.362.7711 
Nielsen
Yaeni Kim
Investor Relations
+1 646.654.5391 
Nielsen
Amy Glynn
Investor Relations
+1 646.654.4391 
Nielsen
Kristie Bouryal
Media Relations
+1 646.654.5577
 
 
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