Onex Completes Acquisition of Nielsen Expositions
TORONTO, ONTARIO -- (Marketwired) -- 06/17/13 --
All amounts in U.S. dollars unless otherwise stated
Onex Corporation ("Onex") (TSX:OCX) today announced that it has
completed the acquisition of 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
Onex Partners III made an equity investment of approximately $350
million, of which Onex' share was $85 million as a Limited Partner in
the Fund. Concurrent with the closing of the acquisition, the company
was renamed Emerald Expositions, Inc.
David Loechner, Chief Executive Officer of Emerald Expositions, said,
"Onex' acquisition of our business has given us a partner that will
help Emerald pursue new growth opportunities while continuing to
deliver exceptional value to our exhibitors and attendees."
"We're excited to work with David and his management team to grow the
company through both continued expansion of its existing shows and
add-on acquisition opportunities," said Kosty Gilis, an Onex Managing
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 $16 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
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
About Emerald Expositions
Emerald 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.
Emerald 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 Emerald Expositions, please visit
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 and mobile measurement. 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.
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.
Vice President, Investor Relations
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