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New Deal


Announced

Completed

ITE Group plc acquired Mining Indaba from Euromoney Institutional Investor PLC

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mining investment

conference

hosting

Customer Relationship Management

United States

Private

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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Exhibition organiser ITE Group plc acquired Mining Indaba, the world's largest mining investment conference, from Euromoney Institutional Investor PLC, one of Europe's largest business and financial magazine publishers which has interests in financial publishing and event organization for £30.1mln. For ITE the acquisition will complement its Africa Oil Week exhibition, an energy industry event in Cape Town. The company said the deal is in line with its strategy to create the "world's leading portfolio of content-driven, must-attend events delivering an outstanding experience and return on investment for their customers."

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