Announced
Completed
Financials
Tags
Acquisition
Completed
Private
Friendly
United Kingdom
business intelligence services
Business Process Outsourcing
Private Equity
Majority
Single Bidder
Synopsis
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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