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Simon Foster Led Consortium, Arc, Enters into Partnership with EagleTree Capital

Simon Foster Led Consortium, Arc, Enters into Partnership with EagleTree Capital Aiming to build a next generation events business, the partnership seeks to buy trade show assets LONDON and NEW YORK, May 11, 2021 /PRNewswire/ EagleTree Capital ( EagleTree ), a New York based private equity firm, and Arc, a global events industry consortium led by Simon Foster, announced today an exclusive partnership to build the next generation events business. The partnership will focus on acquiring single, or groups of, events, as well as forming joint venture partnerships with organisers, associations, and venues. Canson Capital Partners ( Canson ) has been providing financial advisory services to Arc since inception and will join funds managed by EagleTree in the partnership and continue to provide services going forward.

Advisers set for £835m fees windfall off LSE and Refinitiv mega-merger

Share But the total fees will fall short of the £1.5billion paid to advisers when brewer AB Inbev bought rival SAB Miller in 2016. The enormous payout was detailed as the £20billion merger between the LSE and Refinitiv finally nears completion. The deal was first announced in summer 2019, but has taken months to work through as regulators comb through the details.  The LSE hopes its combination with Refinitiv, best known among City traders for its terminal screens, will make it a major player in the increasingly valuable financial data market.  Accountants at mid-tier firm BDO may have been looking at the LSE advisers fees with envy, as they took a double-digit hit to their pay. After the pandemic disrupted business, their average share of profit before tax slumped 14 per cent to £518,000 for the year to June 30.

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