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Dealmakers - collaboration is in

Dealmakers - collaboration is in Steve Monnington, managing director of Mayfield Media Strategies, runs the roost over the latest mergers and acquisitions.   The theme running through the few transactions that have taken place in the last two months is ‘collaboration’ and, given the difficult situation that companies find themselves in as a result of the pandemic, I’m sure that we will be seeing more of these. Nexus Point, an Asian private equity fund with a focus on strategic opportunities in China, has agreed to invest up to €192m in GL Events Greater China in two tranches over the next two years. GL Events announced their 2020 results with an overall 59% drop in revenue from 2019. Unsurprisingly, all three areas of their business – Live, Exhibitions and Venues - showed significant decreases with exhibition revenue down 70% from €231m to €68m.

Temasek and Singapore Press Holdings Agree to Merge Event Units

Temasek and Singapore Press Holdings Agree to Merge Event Units Posted on 02/03/2021 Singapore’s Temasek Holdings and Singapore Press Holdings Ltd. (SPH) have entered into an agreement to merge their meetings, incentives, conventions, and exhibitions (MICE) subsidiaries. Singapore Press Holdings is a listed company. SingEx Holdings Pte Ltd is a unit of Temasek. Sphere Exhibits is a unit of Singapore Press Holdings. SingEx Holdings will merge into Sphere Exhibits to form SingEx-Sphere Holdings. According to the details of the merger, Temasek will own 60% of SingEx-Sphere while SPH will own 40%. The agreed transaction value of 40% of SingEx-Sphere is $24.4 million. Singapore Press Holdings publishes The Straits Times.

Temasek s SingEx Holdings to merge with SPH s Sphere Exhibits, Latest Singapore News

The New Paper Temasek’s SingEx Holdings to merge with SPH’s Sphere Exhibits (From left) Mr Alan Thompson, joint head, strategic development, Temasek; Mr Robin Hu, chairman of SingEx; and Mr Ng Yat Chung, CEO of Singapore Press Holdings, at the signing ceremony for the merger. TNP PHOTO: LIM YAOHUI Feb 02, 2021 06:00 am 0 Engagements State investor Temasek s SingEx Holdings, which operates the Singapore Expo and the Max Atria, will merge with Singapore Press Holdings (SPH) events subsidiary Sphere Exhibits, under an agreement by the two owners. Temasek will own 60 per cent of the new SingEx-Sphere Holdings, while SPH, which publishes The Straits Times, takes the remaining 40 per cent. The agreed transaction value of 40 per cent of SingEx-Sphere is $24.4 million.

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