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Announced

Completed

Thomson Reuters completes the acquisition of FCBI from LDC.

Financials

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

Tags

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Acquisition

Completed

Private

Friendly

United Kingdom

business intelligence services

Business Process Outsourcing

Private Equity

Majority

Single Bidder

Synopsis

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Thomson Reuters, an electronic information and solutions company acquired FC Business Intelligence, a global business-to-business events specialist from Lloyds Development Capital, a UK-based private equity firm. Financial terms were not disclosed. FCBI delivers high-end conferences and exhibitions to diverse sectors including energy, insurance, pharmaceuticals, transportation, travel, strategy, and technology. The business will be rebranded Reuters Events and will be operated as part of the Reuters News division of Thomson Reuters. “This acquisition allows us to combine Reuters globally trusted brand, scale and editorial excellence with FCBI’s deep expertise in highly specialized events for professionals. Moreover, this will create a new platform for our world-class journalism. I am thrilled that FCBI is joining Thomson Reuters.” Michael Friedenberg, Reuters President.

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