JD Events (jdevents.com), a leading trade show organizer, has sold the Content and Communications World (CCW) and Satellite Communications Conference and Expo (SATCON) events to the National Association of Broadcasters (NAB) (www.nab.org).
"We have made these additions to the NAB event family with the goal of growing both the attendee and exhibitor base of what has emerged as an important East Coast venue for the content community," said Executive Vice President of NAB Conventions and Business Operations, Chris Brown.
Joel Davis, Founder and CEO of JD Events, said, "...We believe the shows have grown to the point where they need a larger and more experienced owner to take them to the next level. We are pleased to place the future of these events into the very capable hands of the NAB."
JEGI represented JD Events in this transaction and acted as its exclusive financial advisor. For more information, click here.
Thomson Reuters (www.thomsonreuters.com) has sold its Trust Tax and Estate Administration Outsourcing Group to EY (www.ey.com). The software businesses of ONESOURCE Trust Tax and ONESOURCE Trust & Estate Administration will remain with the Tax & Accounting business of Thomson Reuters.
The transaction benefits the long-term strategies of both organizations. Ernst & Young LLP and the global EY organization plan to continue growing these full–service outsourcing businesses, focusing on expanding service offerings to financial services organizations and law firms. Meanwhile, the Tax & Accounting business of Thomson Reuters will focus resources on its core software and implementation services businesses.
“We are focused on delivering value to our customers and believe we can best execute through our software platform. We have determined that an accounting and consulting organization like EY can better serve our customers’ full-service outsourced tax preparation needs,” said Brian Peccarelli, President of the Tax & Accounting business of Thomson Reuters.
JEGI represented Thomson Reuters in this transaction and acted as its exclusive financial advisor. For more information, click here.
“We are pleased to welcome this seasoned team of digital strategists, analysts, designers and technologists to PwC’s Advisory practice,” said Miles Everson, PwC US Advisory Leader. “...We believe the addition of this team will be a notable differentiator in the market, bringing significant value to our clients.”
“The closing of this transaction opens new opportunities for our clients, our people and the communities in which we work,” said David Clarke, former CEO and founder of BGT and now a PwC principal. “PwC is an unmatched powerhouse in the marketplace with global resources and reach. We’re excited to join PwC and look forward to working together with our new colleagues to deliver the ‘PwC Experience’ to the world.”
JEGI represented BGT in this transaction and acted as its exclusive financial advisor. For more information, click here.
Competitrack (www.competitrack.com), a full service competitive advertising tracking firm, has been sold to Market Track (www.markettrack.com), a portfolio company of Aurora Capital Group (www.auroracap.com).
Bob Moss, Competitrack’s founder, said, “This is terrific for both companies and their respective clients. We share a common culture, marked by a passion for serving clients, and a deep commitment to innovation, technological leadership, and product excellence. Both companies provide comprehensive market and media coverage, highly detailed datasets, and an understanding that speed of information is critical to the decision makers we serve. The combined expertise and complementary datasets of the two firms will enable us to offer what I am confident will be the strongest competitive tracking and analytics capabilities available.”
JEGI represented Competitrack in this transaction and acted as its exclusive financial advisor. For more information, click here.
Reed Exhibitions (www.reedexpo.com) has sold its US restaurant and lodging portfolio, which includes the Florida Restaurant & Lodging Show, Western Foodservice & Hospitality Expo and Expo Comida Latina, to Urban Expositions (www.urban-expo.com).
”We have been searching for strategic opportunities to grow our retail/hospitality sector and these shows perfectly reflect the profile and development potential we were hoping to find,” explains Doug Miller, President, Urban Expositions.
”Urban Expositions is ideally suited to take over the management of each of these shows,” said Nancy Walsh, Executive Vice President of Reed Exhibitions North America. ”They understand the specialized needs of B2B events. Their management has built a solid reputation over the years for its hands-on management style and commitment to customer service – assets that will serve them well in the restaurant/hospitality industry and contribute to the continued growth and success of each of these events.”
JEGI represented Reed Exhibitions in this transaction and acted as its exclusive financial advisor. For more information, click here.
”The International Restaurant and Foodservice Show of New York was started more than 20 years ago by my father, Fred Sampson, and it has evolved from a small, Association initiative in the ’70s, to what is today recognized and valued as one of the premier hospitality industry showcases in the world,” said Rick Sampson, President and CEO of the NYSRA. ”The NYSRA is excited as an organization to work closely with Urban Expositions in the years to come to continue to build and evolve the vision my father initiated more than four decades ago.”
JEGI represented the NYSRA in this transaction and acted as its exclusive financial advisor. For more information, click here.
Group SJR (www.groupsjr.com), a leading digital consultancy specializing in insights, content creation, curation, and audience development, has been sold to Hill+Knowlton Strategies (www.hkstrategies.com), a subsidiary of WPP (www.wpp.com).
“The greatest challenge — and opportunity — marketers and communicators face today is audience: how to get it, keep it and build it,” said Group SJR Managing Partner Alexander Jutkowitz, who takes on the additional title of vice chairman and chief global strategist of H+K Strategies. “Digital content — original, daily and owned — gives companies and brands the power to tell their story, share their unique knowledge and find and engage the right audiences as never before. Joining H+K provides our 50-strong team the chance to find, share and engage on a global scale, while working alongside other incredibly talented people and supporting H+K’s approach to digital storytelling. We’re thrilled at the prospect.”
JEGI represented Group SJR in this transaction and acted as its exclusive financial advisor. For more information, click here.
Onex Corporation (www.onex.com) acquired Nielsen Expositions from its parent, an affiliate of Nielsen Holdings N.V. (www.nielsen.com), for $950 million in cash consideration. Nielsen Expositions is a leading operator of large, business-to-business tradeshows in the United States. Concurrent with the closing of the acquisition, the company was renamed Emerald Expositions, Inc. (www.emeraldexpositions.com).
JEGI was an advisor to Onex in this transaction. For more information, click here.
MyWebGrocer (www.mywebgrocer.com), a leading provider of shopping and shopper marketing software and services, has received a significant investment from HGGC (www.hggc.com), a leading middle-market private equity firm.
“We have always worked with investors who bring more than capital—people who are true partners that value what we have built and want to work alongside us to accelerate our growth and realize the tremendous potential of MyWebGrocer,” said Rich Tarrant, a Founder and the CEO of MyWebGrocer. “HGGC’s unique insights, proven track record with technology-enabled services businesses, and experience with founder-owned businesses make them the clear choice.”
“This investment is further proof of HGGC’s unique ability to partner with strong management teams and founders who want to continue to invest in and grow their businesses, as well as our expertise in technology-enabled services businesses,” said Richard Lawson, Co-Founder and Managing Partner at HGGC.
JEGI represented MyWebGrocer in this transaction and acted as its exclusive financial advisor. For more information, click here.
Domino Media Group (domino.com) received a significant growth investment, led by Condé Nast (www.condenast.com) and Advance Publications (www.advance.net), along with iNovia Capital (inoviacapital.com) and LaunchCapital (www.launch-capital.com).
On October 3, 2013, the debut of the reimagined Domino brand was announced by Bob Sauerberg, president of Condé Nast and Andy Appelbaum, Cliff Sirlin and Aaron Wallace, co-founders of the newly formed Domino Media Group. A wholly independent entity, Domino Media Group brings together the Domino brand and its archives, seasoned digital entrepreneurs and an innovative e-commerce platform, allowing consumers to purchase the products and looks that inspire them directly from the editorial environment. Condé Nast will be providing a full range of support for this content-to-commerce model, including marketing and distribution services.
JEGI represented Domino Media Group (fka Project Décor) in this transaction and acted as its exclusive financial advisor.
Digital Broadcasting Group (“DBG”) (www.dbg.tv), a leading creator, producer, and distributor of premium video content across digital media, has been sold to Alloy Digital, LLC (www.alloydigital.com), a leading next generation media company recognized for its portfolio of top-ranked content brands and proprietary networks.
The transaction creates a powerful digital force by combining DBG’s massive video syndication network with Alloy Digital’s top-ranked digital distribution network, which includes some of the most popular digital entertainment brands.
JEGI represented DBG in this transaction and acted as its exclusive financial advisor.