EIBTM exhibition director confident amid Reed buy-out speculation

Reed Elsevier's exhibitions division is the subject of speculation over a possible private equity firm buy-out.

Reed Exhibitions in buy-out speculation
Reed Exhibitions in buy-out speculation

According to Reed Elsevier’s latest interim results, operating profits at division Reed Exhibitions were up 3% to £123m in the first six months of 2010.

Meanwhile, revenues were up 8% to £383m during the same period for the exhibitions group, which runs EIBTM, World Travel Market, and will organise the new Americas Incentive Business Travel and Meetings Exhibition (AIBTM) in 2011.

It is believed there have been informal meetings between private equity groups including Cinven and Apax, and Reed Exhibition’s management during which interest was expressed in a possible buy-out.

Reed’s interim management statement this month stated: "While space sales for the majority of 2010 events have been behind prior year levels, exhibition markets are stabilising with growth returning in the second half annual shows. The net cycling in of biennial shows will deliver overall growth for the year. Forward space bookings for events in 2011 are encouraging, although these vary by sector and geography; 2011 will, however, see the net cycling out of biennial shows."

Amid the buy-out speculation, EIBTM’s exhibition director Graeme Barnett, who has been working for Reed Exhibitions for 14 years, told C&IT he anticipated a strong year at the show in Barcelona next week.

"We have planned very carefully," said Barnett, who will head out to EIBTM on Friday (26 November) before it kicks off next Tuesday (30 November).

Barnett is hoping to build on last year’s 0.5% increase in attendance, and has an increased focus on learning in 2010.

Reed Exhibitions' chairman Mike Rusbridge refused to comment.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
London calling: A look at what's new and forthcoming in the capital

London calling: A look at what's new and forthcoming in the capital

Hotels, venues and activities that should be on your radar for future London-based events.

Double acquisition for Gray Dawes Group

Double acquisition for Gray Dawes Group

Acquisitions include INC. Travel Group's corporate and marine businesses and the purchase of VIP Leisure Travel Ltd.

Love is in the air for one in seven event attendees, report claims

Love is in the air for one in seven event attendees, report claims

Research by Cvent and Edelman Intelligence finds 14% have met a significant other at a B2B event.

The advantages of being a second tier city

The advantages of being a second tier city

There are benefits to not being the capital, says Bas Schot, head of congresses and events at the Hague Convention Bureau.

What to do if a disgruntled event attendee threatens legal action

What to do if a disgruntled event attendee threatens legal action

Keystone Law's James O'Flinn discusses your options and how to prevent this happening in the first place.

Speakers announced for C&IT Northern Forum

Speakers announced for C&IT Northern Forum

New event takes place between 25-26 April at ACC Liverpool, with inspiring sessions from industry leaders.

Why personalisation is the key to measuring an event's success

Why personalisation is the key to measuring an event's success

Mike Leeson, general manager Europe at ETM, explains why ROE may be a better measurement than ROI.

Oman to welcome IGRC in 2020

Oman to welcome IGRC in 2020

Sultanate to host the International Gas Union's 16th International Gas Research Conference at the Oman Convention & Exhibition Centre.

Events company faces legal action from makers of video game Fortnite

Events company faces legal action from makers of video game Fortnite

Epic Games issues claim against Exciting Events after widely criticised event in Norwich.

Diary of a delegate: Beautiful Bergen

Diary of a delegate: Beautiful Bergen

A three-day account of the C&IT A-List FAM trip, in partnership with Visit Norway.

LATEST JOBS