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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. ....