DMGT and Tarsus considered targets as UK events players seek scale
09 March 2018 - 12:00 am UTC
Tarsus [LON:TRS] and DMGT’s [LON:DMGT] events businesses are among UK exhibition companies expected to attract buyer interest from larger peers and private equity firms this year as the industry continues to consolidate, several sector bankers said.
Following B2B events group Informa’s [LON:INF] GBP 4.4bn takeover of UBM [LON:UBM] earlier this year, others are having to react and plot their defence, which will involve acquisitions, one of the bankers said.
Unlike many sectors, the uncertainty surrounding Brexit has accelerated M&A activity. “It’s best to get these deals done before 2019,” a second banker said, stressing that conditions could become less favourable to conduct business once the UK has exited the EU.
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