This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

NEWS7 May 2013

Nielsen sells tradeshow business as it looks to develop core areas

Financials North America

CANADA — Nielsen Holdings has sold its subsidiary Nielsen Expositions to a private equity firm as the ratings firm looks to develope its watch and buy segments.

Private equity firm Onex Corporation has acquired Nielsen Expositions from its parent company for $950m in cash consideration.

The Nielsen Holdings affiliate produces more than 65 business-to-business tradeshows and conference events across nine markets including general merchandise, sports and hospitality.

Nielsen’s CFO Brian West said that the company was committed to investing in and developing capabilities across its watch and buy segments.

He added: “Divesting the Expositions business allows us to focus on these core areas that provide our clients with a comprehensive understanding of consumers while providing more flexibility to return capital to our shareholders over time. “

@RESEARCH LIVE

0 Comments