JEGI | CLARITY REPRESENTS FCBI IN SALE TO THOMSON REUTERS
New York, NY, October 7, 2019 – LDC, the UK’s leading mid-market private equity investor, has announced the sale of global business-to-business events specialist FC Business Intelligence (FCBI) to Thomson Reuters. The value of the transaction is undisclosed.
JEGI | CLARITY (www.jegiclarity.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors, with offices in New York, Boston, London and Sydney, represented FCBI and LDC in this transaction.
FCBI delivers high-end conferences and exhibitions globally to a diverse range of sectors including energy, insurance, pharmaceuticals, transportation, travel, strategy and technology. It helps senior business professionals stay at the forefront of change in their industry through insight sharing and networking with peers.
LDC partnered with FCBI in 2018 to support the management team’s plan to drive organic growth and expand into new markets. Since then the business has focused on improving its customer experience and engagement and continued to increase the scale of its largest flagship events such as eyeforpharma Barcelona, Petrochemical Update Downstream, EFT 3PL & Supply Chain Summit and Insurance Nexus Connected Claims.
FCBI has now been rebranded to Reuters Events and will operate as part of the Reuters News division of Thomson Reuters.
Piers Latimer, Managing Director of FCBI, said: “We’re delighted to be joining the Reuters family, hugely excited by its vision for the future of Reuters Events and Reuters News, and very much looking forward to the journey ahead. In combination, there is tremendous opportunity to move into new markets, new geographies and to further enhance the value we provide to customers.
“Our partnership with LDC has been pivotal towards getting us to where we are today. They supported our ambition from the outset and provided us with investment and expertise to help us meet our objectives sooner than expected, backing our decision to join Thomson Reuters.”
David Andrews, Director at LDC, said: “Since the start of our partnership with FCBI, we have worked closely with Piers and his team to build on their impressive growth to date.
“Given FCBI’s unrivalled sector-expertise and industry insight, it will be a valued addition to the Reuters brand. We wish the team and the business the very best of luck in the next phase of its exciting growth journey.”
As a conference and business intelligence company, FC Business Intelligence (FCBI) helps leading global corporations define future strategy and direction, develop growth opportunities and solve problems facing their sectos through industry leading content provided in person and online. Founded in 1990, FCBI has pioneered a business model based on the development of industry-specific conferences, community-driven websites, newsletters and intelligence reports. For more information, visit www.fc-bi.com.
LDC backs the management teams of growing mid-market businesses with the capital and support to help them build bigger and better businesses. With more than 50 investment professionals, based across 12 UK locations, we invest in businesses operating across most sectors of the UK economy. We have a portfolio of 90 companies that collectively employ 32,500 people and contribute more than £5billion to the UK economy each year. As part of Lloyds Banking Group, we work differently than other private equity companies with greater flexibility in our approach to partnership. For more information, visit www.ldc.co.uk.
About Thomson Reuters
Thomson Reuters is a leading provider of business information services. Our products include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters. For more information, visit www.reuters.com.
About JEGI | CLARITY
JEGI | CLARITY is the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors. With offices in London, Sydney, New York and Boston, we have closed more than 700 transactions during our 30+ year history. For more information, visit www.jegiclarity.com.
“There was no question who we wanted to advise us again and who we trusted to get us the best result. True to form; the JEGI | CLARITY team delivered. We’re really pleased for the shareholders and hugely excited to be joining the Reuters family.”
-Piers Latimer, Chief Executive Officer, FC Business Intelligence