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Investegate |Hyve Group PLC Announcements | Hyve Group PLC: Announcement of Results of Annual General Meeting


 
 
Hyve Group plc is a next-generation global events business whose purpose is to bring together and connect entire sector ecosystems from all corners of the globe. We meet our customer needs to learn, network and trade via both market-leading in person and online events. Hyve Group plc is all about globally consistent best practice and unrivalled quality. Our vision is to create the world s leading portfolio of content-driven, must-attend events delivering an outstanding experience and ROI for our customers.
Hyve s market-leading portfolio of global brands include: Shoptalk, Spring Fair, MosBuild, Bett, Mining Indaba and recently acquired Retail Meetup, a ground-breaking digital platform enabling online networking and trade to take place at scale. ....

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Hyve blazes digital monetisation strategy trail with acquisition of Retail Meetup


Hyve blazes digital monetisation strategy trail with acquisition of Retail Meetup
Global events business
Hyve Group has acquired digital event business Retail Meetup for an initial consideration of £18.8m (US$25.2m). The deal includes an earn out capped at £9m based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21.
The acquisition will be funded through existing debt facilities and cash reserves.
The acquisition adds four high-quality virtual events with potential to scale and provides scope to launch new virtual Shoptalk and Groceryshop events globally across the ecommerce retail sector with nominal additional development cost required. ....

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Investegate |Hyve Group PLC Announcements | Hyve Group PLC: Acquisition of Retail Meetup


 
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Initially adds four high quality fully digital events to accelerate evolution of omnichannel strategy
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Earnings enhancing in first full year of ownership and immediately brand enhancing
 
Hyve Group plc today announces the acquisition of Retail Meetup, LLC ( Retail Meetup ) for an initial consideration of £18.8m
1, with an earn out capped at £9.0m
1 based on the EBITDA of the two events scheduled for FY21, payable in Q4 FY21. Retail Meetup is a first of its kind digital event format for the ecommerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves. ....

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Hyve Buys Digital Events Firm Retail Meetup For Up To GBP28 Million


Hyve Buys Digital Events Firm Retail Meetup For Up To GBP28 Million
Mon, 21st Dec 2020 19:36
(Alliance News) - Hyve Group PLC on Monday said it has agreed to acquire digital events specialists Retail Meetup LLC for an initial GBP18.8 million.
The London-based exhibitions and conferences organiser said it may part with an additional GBP9.0 million in earn-outs, based on earnings from two events scheduled in financial 2021.
Retail Meetup is a first of its kind digital event format for the e-commerce market that enables attendees to network and trade at scale. The acquisition will be funded through existing debt facilities and cash reserves, Hyve said. ....

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