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Onex To Buy Nielsen Expositions For $950 Mln Cash - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Canadian private equity firm Onex Corp. (OCX.TO) reported agreeing to acquire Nielsen Expositions from its parent, an affiliate of Nielsen Holdings N.V. (NLSN), for $950 million cash. The transaction may close in the second quarter.

Based in San Juan Capistrano, California, Nielsen Expositions produces over 65 business-to-business tradeshows and conference events every year across nine diversified end-markets, including general merchandise, sports, hospitality and retail design, jewelry, and photography. It has generated revenues of around $183 million, adjusted EBITDA of $97 million and incurred capital expenditures of $2 million on a stand-alone basis in 2012.

Onex' $4.7 billion private equity fund, Onex Partners III, would make an equity investment of nearly $350 million, of which Onex' share is roughly $85 million as a Limited Partner in the Fund.

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